The Federal Deposit Insurance Corporation has issued new guidance that will allow institutions of FDIC academics to engage in acceptable crypto-related activities without prior approval from the institution.
This shows a reversal from previous policies that were considered to have restrictions on banks working with crypto companies.
The guidance released in the Financial Institution Letter (FIL-7-2025) rescinds the 2022 directive requiring banks to notify the FDIC before engaging in digital asset activities. The FDIC said that banks can participate in crypto-related ventures as long as they effectively manage the risks involved.
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Update your relationship with crypto companies
The policy change followed the release of 175 FDIC documents earlier this year, revealing efforts by the previous administration to pressure banks to reduce ties with crypto companies.
These documents were made public in response to requests for Freedom of Information Act submitted by Coinbase.
“With today’s actions, FDIC will turn the page of its flawed approach over the past three years,” said Travis Hill, acting chairman of FDIC. “I think this will be one of several steps that FDIC will take to lay out new approaches on how they can engage in cryptographic and blockchain-related activities according to safety and integrity standards.”
The record tells a detailed instance of FDIC to have the bank suspend or suspend services to crypto-related companies. This is a critic called “Operation Chalk Point 2.0.”
Agents frequently cited reputational risks and market volatility as reasons to discourage financial institutions from working with crypto companies.
FDIC has shown that it will work with the President’s Working Group on the Digital Asset Market and will work with other banking institutions to develop clearer guidance on crypto-related activities.
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