Federal Banking Regulators Issue Crypto Asset Safekeeping Statement

• On July 14, 2025, the federal banking regulators issued a joint statement for banking organizations that provide or are considering providing safekeeping for crypto-assets in a fiduciary or non-fiduciary capacity.
• The statement indicates that it does not create any new supervisory expectations, but outlines how existing laws, regulations and risk management principles apply to such safekeeping activity.
• The tone of the statement is consistent with other crypto-asset-friendly actions taken by the agencies and other financial regulators.

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