FDIC Says Guidance Reflects ‘New Approach’ to Banks and Crypto
The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC approval, provided they adequately manage the associated risks.
The FDIC provided this new guidance in a Financial Institution Letter (FIL-7-2025) that rescinds an earlier one (FIL-16-2022), it said in a Friday press release.
Previously, under the guidance that is now rescinded, the FDIC required prior notification of crypto-related activities, according to Friday’s Financial Institution Letter.
“With today’s action, the FDIC is turning the page on the flawed approach of the past three years,” FDIC Acting Chairman Travis…
