The US Lifts Its Strict Rules on Cryptocurrency: The Flow of Money Is Opening Up! - Coin Bulletin

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The FDIC ( announced that banks do not need to obtain approval before engaging in crypto activities.

The Federal Deposit Insurance Corporation stated that banks are not required to obtain FDIC approval before engaging in cryptocurrency-related activities by retracting its previous decisions from 2022. This change seems to particularly relieve financial institutions operating in the digital assets sector.

The FDIC stated in its letter numbered FIL-16-2022 published in 2022 that banks must obtain regulatory approval for new crypto activities. However, this approach was reversed with the newly published Financial Institution Letter FIL-7-2025. The FDIC has now announced that banks are not required to obtain approval before participating in crypto activities, but it was emphasized that they still need to manage the risks associated with these activities appropriately.

Management change and new approach

The FDIC's new statement also reveals the changing management approach within the U.S. government. Under President Donald Trump's administration, with the appointment of crypto-friendly executives, regulators across the country have begun to adopt a more open-minded attitude towards cryptocurrencies. Trump's administration aims to further grow the digital assets sector with this new approach. FDIC Vice Chairman Travis Hill stated that this change would allow banks to more comfortably engage in crypto and blockchain-related activities in accordance with security standards.

This step will eliminate one of the biggest regulatory barriers in the crypto sector, allowing banks to create more opportunities related to digital assets.

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GateUser-7785a797vip
· 03-29 08:34
Just go for it 💪
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