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Investing.com -- The Federal Deposit Insurance Corporation (FDIC) has released a new Financial Institution Letter (FIL-7-2025) today, offering updated guidance for FDIC-supervised banks involved or looking to get involved in crypto-related activities. This new guidance supersedes the previous FIL-16-2022 and clarifies that FDIC-supervised institutions are allowed to participate in permissible crypto-related activities without needing prior approval from the FDIC.
The guidance confirms that FDIC-supervised institutions can engage in permissible activities, including those involving new and emerging technologies like crypto-assets and digital assets, as long as they adequately manage the associated risks.
FDIC Acting Chairman Travis Hill commented on the new guidance, stating, “With today’s action, the FDIC is turning the page on the flawed approach of the past three years. I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto- and blockchain-related activities in accordance with safety and soundness standards.”
The FDIC plans to continue its engagement with the President’s Working Group on Digital Asset Markets and expects to issue further guidance in the future to provide additional clarity regarding banks’ engagement in specific crypto-related activities. The FDIC also plans to collaborate with other banking agencies to replace interagency documents related to crypto-assets with further guidance or regulations.
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