Legal insights

On December 9, 2025, the Office of the Comptroller of the Currency ( OCC ) confirmed that national banks can intermediate riskless principal crypto-asset transactions on behalf of their customers, consistent with the Trump administration's push to open traditional banking to such assets. A riskless principal transaction is when an intermediary purchases an asset from one counterparty for immediate resale to a second counterparty. The intermediary never holds the asset in inve