The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency issued a joint statement outlining risk-management considerations for banks that hold crypto-assets on behalf of customers through crypto-asset safekeeping. The statement reiterates that existing risk-management principles apply to crypto-asset safekeeping and reminds banks that provide, or are considering providing, these services that they must operate in a safe and sound manner and comply with applicable laws and regulations. The agencies also emphasize that the statement does not create new supervisory expectations and note that they are continuing to explore additional ways to provide clarity on banks’ engagement in crypto-asset-related activities.
Federal Reserve Board 2025-07-14
Federal Deposit Insurance Corporation Federal Reserve Board and Office of the Comptroller of the Currency issue joint statement on risk-management for crypto-asset safekeeping
The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency issued a joint statement on risk management for banks holding crypto-assets for customers. The statement reaffirms that existing risk-management principles apply and emphasizes compliance with laws and regulations. It clarifies that no new supervisory expectations are introduced, while further guidance on crypto-asset activities is being explored.