๐จBREAKING: ๐จ $BTC ๐ฅ๐
U.S. national banks can now trade crypto like they trade Treasuriesโno extra capital, no new rules, just green-lighted โmatch-bookโ transactions that let them buy and sell Bitcoin, Ether, or any token on both sides of the same deal while keeping balance-sheet risk at zero.
The Office of the Comptroller of the Currency (OCC) quietly issued interpretive letter #1185 late yesterday, classifying instantaneous crypto arbitrage as โtraditional agency activityโ under 12 CFR 7. The guidance means JPMorgan, BofA, Wells Fargo, and 1 200 smaller charters can plug coins directly into their existing FX desks, reuse decades-old settlement rails, and earn spread without ever holding inventory overnight.
Executives greeted the news with instant action: early-morning screens showed BTC/USD spreads on bank portals narrowing to penny-wide quotes, a liquidity jump normally seen only after major exchange hacks or ETF approvals.
Policy watchers call the move the fastest regulatory pivot since the 1999 Gramm-Leach-Bliley Act tore down Glass-Steagall walls; crypto natives hail it as the moment digital assets finally enter the plumbing of mainstream finance.
The OCC emphasized custody, staking, and lending still require separate approvals, but for plain-vanilla buying and selling, the memo is clearโcrypto is now just another line on the trading ticket. #WriteToEarnUpgrade #USNonFarmPayrollReport #BOJRateHike
