## Regulatory Clarity on How Banks Operate in Trading Crypto Markets
The U.S. Office of the Comptroller of the Currency (OCC) has recently issued an interpretive letter addressing a question that has long remained ambiguous: what exactly can national banks do when they participate in crypto trading? Wintermute OTC's head Jake has provided valuable insight into this regulatory development, highlighting a crucial distinction that separates legitimate banking activities from prohibited practices.
**The Core Difference: Intermediation vs. Proprietary Risk**
The fundamental point Jake emphasizes is
The U.S. Office of the Comptroller of the Currency (OCC) has recently issued an interpretive letter addressing a question that has long remained ambiguous: what exactly can national banks do when they participate in crypto trading? Wintermute OTC's head Jake has provided valuable insight into this regulatory development, highlighting a crucial distinction that separates legitimate banking activities from prohibited practices.
**The Core Difference: Intermediation vs. Proprietary Risk**
The fundamental point Jake emphasizes is
BTC2%