175 Crypto Banking Docs Released: FDIC Signals Major Regulatory Shift
The FDIC released 175 documents on its oversight of crypto banking, aiming to increase transparency. Acting Chairman Travis Hill acknowledged past regulatory hurdles and committed to a more open approach.
The move follows concerns that financial regulators have discouraged banks from engaging with blockchain and digital assets. The release comes amid Senate scrutiny of alleged regulatory overreach, with Chairman Tim Scott warning against biased financial restrictions. Looking ahead, the FDIC plans to revamp its crypto banking framework and collaborate with federal agencies to establish clearer policies for blockchain integration.
Clever Robot News Desk 8th February 2025
