Core Viewpoint - A key banking regulator has authorized national banks to hold and spend cryptocurrency under certain conditions, marking a significant shift in regulatory stance towards crypto assets [1][5]. Group 1: Regulatory Changes - The Office of the Comptroller of the Currency (OCC) has confirmed that major banks can keep cryptocurrency on their balance sheets to pay network fees for permissible banking activities [1]. - National banks are now allowed to hold and utilize digital assets for testing crypto-related platforms, expanding their operational capabilities without incurring additional risks from third-party crypto acquisition [2]. - The OCC has shifted from a cautious approach under the Biden administration, which required prior approval for crypto activities, to a more permissive stance [3]. Group 2: Implications for Banking Sector - The OCC's new policy allows national banks to custody crypto assets for customers and engage in stablecoin-related activities, indicating a broader acceptance of crypto within traditional banking [4]. - The latest announcement enables national banks to hold crypto for multiple purposes, facilitating the integration of traditional banking functions with blockchain technology and increasing banks' involvement in the crypto sector [5].