FDIC says banks can engage in crypto activities without prior approval

confirmed Importance 8/10 ~1 min read 4 sources 4 actors

The FDIC issued Financial Institution Letter (FIL-7-2025) on March 28, 2025, removing prior approval requirements for banks’ crypto-related activities. Acting Chairman Travis Hill announced a significant policy shift, allowing FDIC-supervised institutions to engage in crypto-related activities without pre-approval, effectively reversing the restrictive approach from 2022.

Sources & Citations

[1] FDIC says banks can engage in crypto activities without prior approval · Mar 28, 2025 Tier 1

[2] FDIC rescinds guidance around banks and crypto · Mar 28, 2025 Tier 2

[3] FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities · Mar 28, 2025 Tier 1

[4] FDIC Reverses U.S. Crypto Banking Policy That Demanded Prior Approvals · Mar 28, 2025 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “FDIC says banks can engage in crypto activities without prior approval.” The Capture Cascade Timeline, March 28, 2025. https://capturecascade.org/event/2025-03-28--fdic-says-banks-can-engage-in-crypto-activities-without-prio/