The FDIC issued a Financial Institution Letter (FIL-7-2025), clarifying that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. FIL-7-2025 rescinds FDIC Financial Institution Letter 16-2022, entitled Notification of Engaging in Crypto-Related Activities, issued on April 7, 2022.
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FDIC Clarifies Prior Approval Not Required for Bank Crypto Activity
