Banks Embrace Crypto: OCC Says “Hold My Stablecoin” 🤑

In a missive penned with the flourish of a quill (or perhaps the click of a keyboard), the OCC proclaimed that banks may pay these network fees, provided they can foresee a “legitimate need” for such digital trinkets. Ah, legitimacy! That elusive concept, as slippery as a stablecoin’s peg during a market crash. The letter, signed by the Senior Deputy Comptroller and the Chief Counsel-two figures no doubt steeped in the wisdom of ledgers and spreadsheets-assures us that this is all perfectly acceptable under current regulations. How reassuring! 📜


