ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
US Bancorp has resumed cryptocurrency custody services after a four-year pause, initially focusing on Bitcoin storage for funds and ETFs through a partnership with NYDIG. The post US Bancorp to offer Bitcoin Custody Services Again as Regulatory Environment Shifts appeared first on Coinspeaker.US Bancorp has resumed cryptocurrency custody services after a four-year pause, initially focusing on Bitcoin storage for funds and ETFs through a partnership with NYDIG. The post US Bancorp to offer Bitcoin Custody Services Again as Regulatory Environment Shifts appeared first on Coinspeaker.

US Bancorp to offer Bitcoin Custody Services Again as Regulatory Environment Shifts

Author: Coinspeaker
Source: Coinspeaker
2025/09/04 01:12
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

US Bancorp, the fifth-largest bank in the US by total assets under management, has reopened its cryptocurrency custody services after a four-year hiatus.

Stephen Philipson, the head of the wealth, corporate, commercial and institutional banking unit at US Bancorp subsidiary US Bank, announced the return to form in a Sept. 3 interview with Bloomberg, citing changes to the US regulatory environment as the impetus to reenter the space.

According to the report, US Bank is working with NYDIG, a “vertically integrated Bitcoin and power firm” and affiliate of Stone Ridge Holdings Group, to launch cryptocurrency custody services again.

The bank will offer custody services for Bitcoin at first, starting with traditional registered funds and exchange-traded funds (ETFs) before exploring other cryptocurrency service offerings beyond the top coin.

Meanwhile, Bank of New York Mellon Corp. and Fidelity Investments offer similar services while Citigroup has signaled its intent to explore cryptocurrency custody services in the same vein.

Major US Banks Return to Cryptocurrency Services After Regulatory Changes

The resurgence in cryptocurrency interest from these traditional financial institutions has largely been attributed to regulatory changes under the current US administration.

Under the current Donald Trump administration, for example, a 2022 advisory notice from the Securities and Exchange Commission (SEC) indicating that participation in crypto custody services could be considered illicit was rescinded. This and other erosions of anti-crypto policy efforts from previous administrations have contributed to the current White House administration being referred to as “the Crypto Presidency.”

The US government’s push to become the crypto capital of the world appears to be paying off. According to the Chainalysis 2025 Global Adoption Index released on Sept. 2, the US has leapfrogged Indonesia and Nigeria to nab the number two slot on the report behind only India.

next

The post US Bancorp to offer Bitcoin Custody Services Again as Regulatory Environment Shifts appeared first on Coinspeaker.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pi Network Maps 50M Coins Daily as Mainnet Tops 9B

Pi Network Maps 50M Coins Daily as Mainnet Tops 9B

Pi Network news today shows the migration engine appears to be speeding up again. Community posts claim the Pi Core Team is now mapping about 50 million Pi coins
Share
Coinfomania2026/03/03 15:31
EUR/CHF slides as Euro struggles post-inflation data

EUR/CHF slides as Euro struggles post-inflation data

The post EUR/CHF slides as Euro struggles post-inflation data appeared on BitcoinEthereumNews.com. EUR/CHF weakens for a second straight session as the euro struggles to recover post-Eurozone inflation data. Eurozone core inflation steady at 2.3%, headline CPI eases to 2.0% in August. SNB maintains a flexible policy outlook ahead of its September 25 decision, with no immediate need for easing. The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data. At the time of writing, the cross is trading around 0.9320 during the American session. The latest inflation data from Eurostat showed that Eurozone price growth remained broadly stable in August, reinforcing the European Central Bank’s (ECB) cautious stance on monetary policy. The Core Harmonized Index of Consumer Prices (HICP), which excludes volatile items such as food and energy, rose 2.3% YoY, in line with both forecasts and the previous month’s reading. On a monthly basis, core inflation increased by 0.3%, unchanged from July, highlighting persistent underlying price pressures in the bloc. Meanwhile, headline inflation eased to 2.0% YoY in August, down from 2.1% in July and slightly below expectations. On a monthly basis, prices rose just 0.1%, missing forecasts for a 0.2% increase and decelerating from July’s 0.2% rise. The inflation release follows last week’s ECB policy decision, where the central bank kept all three key interest rates unchanged and signaled that policy is likely at its terminal level. While officials acknowledged progress in bringing inflation down, they reiterated a cautious, data-dependent approach going forward, emphasizing the need to maintain restrictive conditions for an extended period to ensure price stability. On the Swiss side, disinflation appears to be deepening. The Producer and Import Price Index dropped 0.6% in August, marking a sharp 1.8% annual decline. Broader inflation remains…
Share
BitcoinEthereumNews2025/09/18 03:08
Written on the UAE-Oman border: Survival lessons for the crypto natives after navigating through gunfire.

Written on the UAE-Oman border: Survival lessons for the crypto natives after navigating through gunfire.

Author: Brother Bing , co-founder of MegaETH Compiled by: Yuliya, PANews Having personally experienced the Middle East conflict and witnessed the awe-inspiring
Share
PANews2026/03/03 15:28