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The U.S. Federal Deposit Insurance Corporation has announced new guidance that eliminates the need for banks to seek prior approvals before engaging in cryptocurrency activities, reversing earlier strict regulations.
Travis Hill, acting chairman of the FDIC, outlines a new approach to cryptocurrency regulation as U.S. senators raise concerns regarding debanking practices affecting crypto businesses.
Anticipated changes in the U.S. regulatory landscape could reshape the interaction between the banking sector and cryptocurrency assets with the new administration.
Travis Hill, incoming acting chairman of the FDIC, highlights the need for a change in how banks approach digital assets.
Recent disclosures from the FDIC reveal a coordinated government initiative aimed at hindering crypto banking operations, confirming longstanding suspicions within the crypto community.
Recent revelations from Coinbase indicate that the Federal Deposit Insurance Corporation (FDIC) has been advising U.S. banks to refrain from engaging in cryptocurrency activities.
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