The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued joint guidance on 14 July reaffirming that U.S. banks may offer custody services for Bitcoin and other crypto-assets. While the document does not create new regulations, it stresses that institutions must apply existing risk-management, legal and compliance frameworks to digital-asset custody. The agencies say banks must retain full control of customers’ private keys, making them directly liable for safeguarding the assets.