FDIC to Allow U.S. Banks to Manage Crypto Assets
- The FDIC will revise guidelines, enabling banks to manage crypto assets and offer tokenized deposits without prior approval.
- This policy change reflects a shift under the Trump administration toward supporting digital assets.
- Acting FDIC Chairman Travis Hill announced the changes during a Senate hearing.
- Banks previously faced delays and resistance when attempting to engage with crypto assets.
- Internal documents on past bank communications about cryptocurrency were released due to a court order from a Coinbase lawsuit.
The FDIC’s decision marks a significant shift in banking policy, allowing banks more freedom in managing crypto assets as confirmed by Acting Chairman Travis Hill during his Senate testimony.
Source (2.6)https://coingape.com/fdic-to-allow-banks-to-manage-crypto-assets-and-token-deposits/?rand=24432
