On July 15, 2025, the US Office of the Comptroller of the Currency, Federal Reserve, and FDIC released a joint statement emphasizing banks' compliance with existing crypto asset custody rules.
Regulators' Guidance to Banks
US regulatory agencies reminded banks of their need to implement robust internal controls over crypto assets. The Federal Reserve's document on banking regulatory measures highlights the need for improved risk management and security measures, including anti-money laundering and cybersecurity.
Impact on DeFi Adoption
Existing regulatory frameworks govern the new requirements. By clarifying these, banks now face an expectation to broaden service offerings, aligning with already established financial protocols. This could lead to increased institutional adoption of decentralized finance (DeFi) solutions over time.
Prospects for Bitcoin
According to CoinMarketCap, Bitcoin (BTC) is currently trading at $119,776.68 with a market cap of $2.38 trillion. Bitcoin's trading volume surged by 268.53% in the past 24 hours. Coincu's research team anticipates that this statement will drive competitive shifts within financial services, encouraging banks to adapt to digital asset demands.
According to the latest directives from regulators, banks need to enhance risk management for crypto assets. This may lead to an expansion of their services and active engagement in decentralized finance.
