Another advancement in crypto’s integration into the financial system: The Office of the Comptroller of the Currency (OCC) has formally confirmed that national banks can engage in riskless principal transactions involving crypto-assets. 

The clarifications now enable banks to intermediate back-to-back crypto trades for customers using the same frameworks as traditional financial instruments. Customers can look forward to transacting through institutions they already trust, and banks can facilitate these transactions as principals without taking market risks.

Put this alongside CFTC's new pilot program, and we have a clear direction of where regulators are heading: a cohesive global market.

— Jeremy Ng, Founder and CEO

https://x.com/jeremyng777/status/1998683998059475228?s=20