Jito Labs: banks can operate on public blockchains without licenses
- —The OCC confirmed in November 2025 that banks may pay fees on a blockchain and hold crypto assets
- —ZK proofs and confidential transfers allow compliance to be proven without disclosing client positions
- —The GENIUS Act shifts AML and sanctions controls to the application layer
Why it matters: Removing the barrier for banks on public networks could accelerate institutional inflows into DeFi and stablecoins.
Source: PANews