U.S. Banking Regulators May Allow Banks to Hold Crypto on Balance Sheets
<p>According to Jelena McWilliams, the chairman of the Federal Deposit Insurance Corporation (FDIC), the U.S. Federal Reserve, FDIC, and Office of the Comptroller of the Currency (OCC) are discussing the question of how banks can be allowed to engage with crypto services and hold cryptocurrencies on their balance sheets. McWilliams mentioned that if they don’t bring this activity inside the banks, later the regulators won’t have the ability to regulate them, given the risk that it will be developed outside of the banks.</p>
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