FDIC Eases Path for Banks to Engage in Some Crypto Activities

The FDIC said banks it supervises no longer need prior approval to engage in permissible crypto-related activities, replacing its 2022 policy.

• New guidance in FIL-7-2025 replaces FIL-16-2022
• “FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as cryptoassets and digital assets, provided that they adequately manage the associated risks”
• FDIC plans to issue further guidance in coordination with other banking agencies

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