SAB 122 & The Future of Crypto Custody for Banks
Deconstructing SAB 122 & OCC Guidance: What’s Next for Banks & Crypto?
With SAB 122 reversing the controversial SAB 121, banks now have a clear path to custody digital assets. But what does this mean for staking, trading, and new revenue opportunities?
Hear from Figment’s Chief Regulatory Officer, Jennie Levin, as we break down:
- The key implications of SAB 122 for SEC-reporting banks
- How national banks can legally engage in crypto custody & services
- The role of protocol staking and new rewards streams
- What’s next from the OCC & regulatory landscape
Why This Matters
- SAB 122 removes major barriers for banks to offer digital asset custody
- Banks may now facilitate crypto trading & staking services
- The OCC’s new guidance could further expand banks’ crypto capabilities
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