FDIC no longer requires notification of crypto-related activities
By EsqSocial Corporation 07/04/25
On March 28, the FDIC announced new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior approval. This update, outlined in FIL-7-2025, rescinded the previous requirement from FIL-16-2022 (covered by InfoBytes here), which mandated institutions to notify the FDIC before engaging or intending to engage in cryptoasset-related activities....
By: Orrick, Herrington & Sutcliffe LLP