On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) announced the withdrawal of Financial Institution Letter (FIL) 16-2022, paving the way for FDIC-supervised institutions to engage in permissible digital …
FDIC
-
-
Key Takeaways: Banks gain a broader scope to offer crypto services under established oversight. Institutions must report crypto activity, preserving monitoring without pre-approval. The update reflects regulatory practice aligning traditional …
-
The FDIC removed its reputational risk criteria in evaluating bank supervision, a key tool that drove crypto debanking efforts. Crypto Czar David Sacks called this a big win for the …