3 Impacts Of The FDIC’s New Crypto Guidance On U.S. Banks
3 Impacts Of The FDIC’s New Crypto Guidance On U.S. Banks
In March 2025, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 7-2025 (FIL-7-2025), marking a major policy shift for crypto-related activities by U.S. banks.
The new guidance makes it clear that FDIC-supervised institutions may engage in crypto-related activities – like crypto custody, stablecoin reserve management, and participation in blockchain networks – without prior FDIC approval, as long as they responsibly manage associated risks. This rescinds the prior more restrictive stance from the April 2022 letter (FIL-16-2022), which had required institutions to notify the FDIC before engaging in crypto activities.
Removing this…
