The FDIC is revising its guidelines to allow banks to engage in certain crypto-related activities without prior approval. Some banks are advocating for offering crypto custody services and exploring tokenized deposits. The FDIC released documents related to “pause letters” sent to financial institutions advising them to halt crypto services. Coinbase filed a FOIA request for clarity on a deposit cap. The released documents show resistance by the FDIC to banks offering crypto services.

Leave a Reply