FDIC to facilitate rules, encouraging banks to engage in crypto activities

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The Federal Deposit Insurance Corporation (FDIC) is preparing to modify its guidelines to enable banks to operate crypto-related businesses, according to the report.

The cryptocurrency regulatory landscape has witnessed changes in earthquakes in recent months. Newly elected US President Donald Trump has vowed to create a crypto-friendly policy, in contrast to the government’s pre-Joe Biden-led stance.

Destruction: FDIC plans to modify some cryptographic guidelines to allow banks to engage in cryptographic activities per Baron.
This includes potential “tokenized sediments” that could put some checking accounts on the blockchain. pic.twitter.com/lmygrf5ueq
– The Kobeissi Letter (@kobeissiletter) February 5, 2025

fdic Follow in the footsteps Other federal agencies

With Donald Trump’s return to the White House, federal agencies have been reassessing their digital assets policies. For example, the Securities and Exchange Commission (SEC), which has long been known for its hostile attitude towards Crypto, has softened its approach after Gary Gensler intervened from his position as chairman.

Additionally, the SEC has announced the formation of a cryptographic task force that will help draw out clear lines of regulation, properly distinguish securities from non-empirical, and craft customized disclosure frameworks.

Currently, FDIC is following suits. According to a report by Barron’s, institutions are expected to ease restrictions that previously forced banks to obtain express regulatory approval before engaging in crypto-related services. But now, amendments to the guidelines allow financial institutions to integrate crypto into their services without facing regulatory scrutiny.

Bank of America CEO Brian Moynihan recently responded to the growing demand for crypto in the banking sector. He said, “If the rules come in and the real thing is that you can actually do business, you’ll notice that the banking system is coming hard on the transaction side.”

Yesterday, Donald Trump’s Crypto and Ai Zar’s David Sachs also passed a bullish statement saying they were assessing the feasibility of the Bitcoin Reserve. He also highlighted the possibility that Stablecoin’s USD could help maintain control internationally.