The Federal Deposit Insurance Corporation (FDIC) announced that banks can now engage in cryptocurrency activities without needing prior approval, rescinding its 2022 guidance.
This decision allows FDIC-supervised banks to participate in the crypto sector, provided they manage associated risks effectively and comply with all applicable laws and regulations.
The change reflects a broader shift in US crypto policy under the current administration, aiming to position the US as a global leader in the cryptocurrency market. Show Less
