- OCC allows U.S. banks to handle gas fees with crypto.
- Ethereum and Bitcoin primarily affected by new guidance.
- GENIUS Act enhances banks’ operational crypto use.
The Office of the Comptroller of the Currency clarified that U.S. banks can hold crypto assets to pay blockchain gas fees under the GENIUS Act, effective November 18, 2025.
This move enables operational enhancements for banks using Ethereum and Bitcoin, potentially influencing wider market adoption and intensifying discussions on cryptocurrency regulation.
OCC Approves Crypto for Gas Fees
The Office of the Comptroller of the Currency (OCC) released Interpretive Letter No. 1186, permitting U.S. banks to hold crypto for blockchain gas fees. Effective November 2025, the letter supports national banks under the GENIUS Act.
Jonathan Gould, leading the OCC, confirmed that banks could integrate digital assets like Ethereum (ETH) and Bitcoin (BTC) for transaction fees. The guidance aligns with the OCC’s commitment to innovation and operational safety.
“The OCC’s latest guidance ensures national banks can responsibly manage crypto assets to pay gas fees required for blockchain operations, reflecting the agency’s commitment to innovation and safety.” – Jonathan Gould, Comptroller of the Currency, OCC
Impact on Financial Institutions
The immediate effect allows banks to include crypto assets on their balance sheets for operational activities. Such measures could result in substantial allocations in ETH and native blockchain tokens, supporting payment efficiency.
This regulatory shift affects financial markets and institutions, potentially encouraging increased institutional participation in blockchain networks. It further enhances banks’ ability to manage digital transactions securely and effectively.
Broader Policy Frameworks
The ongoing development by the Federal Reserve and FDIC involves stablecoin issuers, shaping broader policy frameworks. As crypto usage in banks becomes mainstream, regulatory clarity contributes to safer digital asset handling.
Insights indicate that institutional adoption might increase Ethereum’s network use seen in past expansions. The OCC’s proactive stance may influence further technological advancements, fostering increased innovation in the banking sector.
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