FDIC Clears Over 5,000 Banks to Engage in Bitcoin and Crypto Activities Without Prior Approval
The FDIC has cleared banks under its jurisdiction to participate in Bitcoin and crypto-related activities without prior approval.
Another US regulator has eased earlier restrictions impeding banks from meddling with the digital asset industry. On Friday, the Federal Deposit Insurance Corporation (FDIC) issued a statement notifying banks under its purview to freely engage in crypto-related activities.
US Regulator Revokes Earlier Crypto Clause
The Financial Institution Letter FIL-7-2025, released on March 28, encourages banks to expand their borders into permissible digital asset and blockchain-related activities without sourcing prior FDIC approval.
This clears FDIC-supervised banks to service digital asset firms in the US as long as…
