OCC Clarifies US Banks Can Hold Crypto to Cover Gas Fees

The U.S. Office of the Comptroller of the Currency has clarified that national banks may hold certain cryptocurrencies to cover network fees tied to approved digital asset operations.

The update adds regulatory certainty at a time when the US is still shaping its broader crypto rulebook.

OCC Confirms Banks’ Ability to Hold Crypto for Operational Use

In its Tuesday guidance, the OCC confirmed that banks can keep specific crypto-assets on their balance sheets to pay network, or gas, fees. However, this permission applies only when the fees support activities already allowed under banking rules.

Additionally, the agency stated that banks may hold crypto as principal when testing platforms linked to legitimate crypto services.

Importantly, the OCC reiterated that all crypto-related activities must remain safe and sound and fully comply with applicable laws.