“The US Office of the Comptroller of the Currency explained to the national banks that it oversees how they can hold crypto for paying gas fees.”, — write: www.coindesk.com
In what’s known as “interpretive letter No. 1186,” the agency said Tuesday that the banks can keep on their balance sheets digital assets they think will reasonably be required for their operations.
Blockchain networks routinely require the use of their own specific token as a fee for transactions, so banks that wish to handle such activity need to have the necessary assets on hand. Activity “explicitly allowed under the Guiding and Establishing National Innovation for US Stablecoins Act” will require banks needing to pay network fees as an agent for customers or as part of its custody operations, the letter said.
The need for banks “to pay network fees to facilitate otherwise permissible crypto-asset activities and to hold, as principal, amounts of crypto-assets on balance sheet necessary to pay network fees for which the bank anticipates a reasonably foreseeable need is permissible for the bank,” the OCC concluded
US banking regulators — also including the Federal Reserve, Federal Deposit Insurance Corp. and the wider Treasury Department — are already working on writing new regulations to govern stablecoin issuers and activity, based on the new GENIUS Act requirements. But those rules aren’t yet in place for the law approved earlier this year.
The OCC has reversed years of hesitation about letting regulated banks engage in digital assets activity with the arrival of the pro-crypto administration of President Donald Trump. The agency is now run by Trump appointee Jonathan Gould, who was confirmed by the Senate in July.
Read More: What Are Ethereum Gas Fees?
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The Canadian government narrowly won favor in Parliament for its budget push that includes a new policy governing stablecoins.
- A successful budget effort from Canadian Prime Minister Mark Carney’s government means the country’s stablecoin policy is advancing.
- Coinbase Canada’s CEO suggested some edits to improve the effort in his view.
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