OCC Eases Banking Rules
OCC Eases Rules and Allows Crypto Banking
In a statement on March 7th, the OCC stated "Crypto-asset custody, certain stablecoin activities, and participation in independent node verification networks such as distributed ledger are permissible for national banks and federal savings associations,” This falls inline with Trump's vow to end the prolonged crackdown restricting crypto firms access to banking services. The OCC staff now feel like they have a better understanding of crypto and are ready to roll back the initial stringent rules on crypto.
Decentralized Volumes by Chain
As has been the case Solana continues to have the most volume in all of crypto due to their extremely low fees and fast transaction speeds. Looking at the chart below from DefiLlama, SOL has almost 30% more volume that ETH and made more than double the amount of money on fees that ETH in the last 30 days, $72M vs $35M. Soloana continues to outperform all other crypto chains and remains poised for a large breakout very soon.
Quick Hits
- Gemini one of the biggest crypto exchanges is working with Goldman and Citigroup to go public.
- US will audit the amount for BTC it truly holds.
- Robinhood just launched a smart exchange routing for purchasing crypto, you pay a slightly higher fee but get to but your coin at a more competitive price. This will make it a bigger competitor to Coinbase.
- Steak 'n Shake with nearly 500 locations seems open to accept Bitcoin.
- El Salvador keep buying Bitcoin, purchased another 13 BTC this week.
- Utah passes Bitcoin bill but only allows the state to purchase Bitcoin, however the "reserve" portion was removed from the bill.
