{"id":50104,"date":"2025-09-04T14:04:34","date_gmt":"2025-09-04T11:04:34","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50104"},"modified":"2025-09-04T14:04:34","modified_gmt":"2025-09-04T11:04:34","slug":"major-move-in-the-crypto-world-big-bank-returns-to-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/major-move-in-the-crypto-world-big-bank-returns-to-bitcoin\/","title":{"rendered":"Major Move in the Crypto World: Big Bank Returns to Bitcoin!"},"content":{"rendered":"<p><strong>U.S. Bancorp<\/strong>, one of the five largest commercial banks in the U.S., has announced the relaunch of its Bitcoin and crypto custody services for institutional asset managers. The move follows the Trump administration\u2019s more favorable stance toward digital assets and the repeal of the SAB 121 rule introduced under the Biden administration.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/major-move-in-the-crypto-world-big-bank-returns-to-bitcoin\/#Regulatory_Shifts_Open_the_Door\" title=\"Regulatory Shifts Open the Door\">Regulatory Shifts Open the Door<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/major-move-in-the-crypto-world-big-bank-returns-to-bitcoin\/#Expansion_into_ETFs_and_Beyond\" title=\"Expansion into ETFs and Beyond\">Expansion into ETFs and Beyond<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/major-move-in-the-crypto-world-big-bank-returns-to-bitcoin\/#Trump_Effect_and_Renewed_Institutional_Demand\" title=\"Trump Effect and Renewed Institutional Demand\">Trump Effect and Renewed Institutional Demand<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"407\" data-end=\"444\"><span class=\"ez-toc-section\" id=\"Regulatory_Shifts_Open_the_Door\"><\/span>Regulatory Shifts Open the Door<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"445\" data-end=\"785\">Back in 2022, U.S. Bancorp had planned to offer Bitcoin custody in partnership with financial services firm <strong data-start=\"553\" data-end=\"562\">NYDIG<\/strong>, but stricter requirements from the former SEC leadership stalled the initiative. Now, the bank is resuming the plan, with NYDIG once again acting as the sub-custodian responsible for the physical safekeeping of Bitcoin.<\/p>\n<h2 data-start=\"787\" data-end=\"823\"><span class=\"ez-toc-section\" id=\"Expansion_into_ETFs_and_Beyond\"><\/span>Expansion into ETFs and Beyond<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"824\" data-end=\"914\">Stephen Philipson, head of commercial and institutional banking at U.S. Bancorp, stated:<\/p>\n<p data-start=\"917\" data-end=\"1099\">\u201cWith greater regulatory clarity, we\u2019ve added Bitcoin ETFs to our product lineup. This allows us to deliver full-service solutions\u2014custody and management\u2014to institutional clients.\u201d<\/p>\n<p data-start=\"1101\" data-end=\"1235\">The bank also indicated that, beyond Bitcoin, it may add custody support for other cryptocurrencies if they meet internal standards.<\/p>\n<h2 data-start=\"1237\" data-end=\"1288\"><span class=\"ez-toc-section\" id=\"Trump_Effect_and_Renewed_Institutional_Demand\"><\/span>Trump Effect and Renewed Institutional Demand<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1289\" data-end=\"1522\">Donald Trump\u2019s supportive stance toward crypto is seen as a catalyst for U.S. financial institutions re-entering the sector. The rollback of SAB 121 removed one of the biggest barriers preventing banks from offering crypto custody.<\/p>\n<p data-start=\"1524\" data-end=\"1731\">With this development, crypto integration in the U.S. banking sector is gaining momentum once again. U.S. Bancorp\u2019s move could further accelerate institutional adoption of Bitcoin and other digital assets.<\/p>\n<p>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Bancorp, one of the five largest commercial banks in the U.S., has announced the relaunch of its Bitcoin and crypto custody services for institutional asset managers. The move follows the Trump administration\u2019s more favorable stance toward digital assets and the repeal of the SAB 121 rule introduced under the Biden administration. Regulatory Shifts Open<\/p>\n","protected":false},"author":37,"featured_media":50105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,61,1766,534,192,60,393,5384,840,847,336,58,5760],"class_list":["post-50104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-bitcoin","tag-bitcoin-btc","tag-bitcoin-etf","tag-blockchain","tag-btc","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Move in the Crypto World: Big Bank Returns to Bitcoin!<\/title>\n<meta name=\"description\" content=\"U.S. Bancorp, one of the five largest commercial banks 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