The U.S. Federal Deposit Insurance Corporation (FDIC) has issued new guidance that allows FDIC-supervised banks to engage in permitted cryptocurrency-related activities without requiring prior approval, provided they adequately manage the risks involved.
The announcement, detailed in the Financial Institution Letter (FIL-7-2025), also rescinds the guidance from 2022 (FIL-16-2022), signaling a change in the agency's stance on digital assets.
“With today’s action, the FDIC is turning a new page on the flawed approach of the last three years,” said FDIC Acting Chairman Travis Hill. “I expect this to be one of several steps the FDIC will take to outline a new approach to how banks can engage in crypto and blockchain-related activities in compliance with safety and soundness standards.”
The new guidance confirms that banks can engage in crypto-related activities as long as they implement appropriate risk management measures. The FDIC also noted that it will continue to collaborate with the President’s Digital Asset Markets Working Group and other banking regulators to improve policies governing digital asset activities.
*This is not investment advice.
