The OCC has been signaling that they would be stepping into crypto regulation for some time. With Coinbase's former top lawyer now at the helm of the OCC they are making moves. In a guidance letter released 22 July they gave permission for US chartered banks to custody crypto. Link below. I have a feeling there is more to come from the OCC.
Is this just more noise or could the OCC really move the needle of adoption?
https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html