Topics to report and discuss developments in the regulatory environment for crypto
The FDIC plans to revise crypto guidelines on Banks
The Federal Deposit Insurance Corporation (FDIC)* released 175 documents related to its supervision of banks engaged in crypto-related activities
This release follows a court-ordered deadline and aims to increase transparency beyond what is required under the Freedom of Information Act (FOIA).
- The FDIC plans to replace Financial Institution Letter (FIL) 16-202.
- It will create a clearer regulatory pathway for banks to engage in crypto and blockchain activities while ensuring safety and soundness.
- The FDIC will collaborate with the President’s Working Group on Digital Asset Markets, formed under the January 23, 2025 Executive Order.
This shift indicates a potential softening of regulatory resistance toward crypto-related banking activities.
