<\/p>\n
The U.S. Federal Deposit Insurance Corporation (FDIC) has just given its member banks the green light to conduct \u201ccrypto-related activities\u201d without prior approval.<\/p>\n
The federal banking regulator rescinded<\/a> a previous rule <\/a>requiring supervised banks to send notifications if they wanted to get involved in digital assets.<\/p>\n Now, the FDIC says its member institutions can conduct crypto activities as long as they \u201cadequately manage the associated risks.\u201d<\/p>\n FDIC Acting Chairman Travis Hill says<\/a> the change represents the regulator \u201cturning the page on the flawed approach of the past three years.\u201d<\/p>\n \u201cI 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.\u201d\u00a0\u00a0<\/em><\/p>\n Numerous crypto stakeholders in recent years accused the FDIC of facilitating \u201cOperation Choke Point 2.0,\u201d an alleged attempt by Biden Administration government regulators to stifle the digital asset industry.<\/p>\n Coinbase, for example, has been using the Freedom of Information Act (FOIA) to uncover instances of the FDIC asking banks to freeze crypto services, known as \u201cpause letters.\u201d<\/p>\n Last month, the FDIC\u00a0released<\/a> redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The U.S. Federal Deposit Insurance Corporation (FDIC) has just given its member banks the green light to conduct \u201ccrypto-related activities\u201d without prior approval. The federal banking regulator rescinded a previous rule requiring supervised banks to send notifications if they wanted to get involved in digital assets. Now, the FDIC says its member institutions can conduct […]<\/p>\n","protected":false},"author":2,"featured_media":385711,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-385705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=385705"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385705\/revisions"}],"predecessor-version":[{"id":385713,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385705\/revisions\/385713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/385711"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=385705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=385705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=385705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
Check Price Action<\/a><\/span><\/em>
\n
Surf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n