Top Trump Regulator Determined That Banks Should Be Allowed to Trade Crypto: Report

A top regulator from the Donald Trump administration took the position that banks could legally trade cryptocurrencies for their clients, according to an article on Friday by Politico.

• The determination was made by staff at the Office of the Comptroller of the Currency (OCC), according to the story, which cited unnamed sources. It could enable banks to have digital currencies as assets for trading.

This story is developing and will be updated.