SoFi announces a return to crypto, thanks to Trump – DL News
- The fintech bank stopped offering crypto products and services in 2023.
- Onerous banking regulations were reportedly the cause.
- It’s one of many large firms exploring the crypto landscape this year.
SoFi, the San Francisco-based fintech bank, says it will re-open its doors to crypto.
The company cited US President Trump’s deregulation push around digital assets as the driving force behind the move.
“The regulatory environment is definitely evolving and it’s going to allow us to re-enter being able to offer crypto coins in our Invest product – the ability to buy, sell or hold cryptocurrency,” Anthony Noto, SoFi’s CEO, told CNBC.
“We’d hope to be able to do that over the next six months or so.”
After beginning to offer…
