Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 09 MAY 2025

The FIL-7-2025: FDIC Breaks Down Barriers For Crypto Banking

Caldwell Law
Explore more from Caldwell Law

On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 7-2025 (FIL-7-2025), marking a significant shift in how banks can engage with cryptocurrency activities.

United KingdomTechnology
Marcus Wolter
Marcus Wolter
Takahiro Miyazaki
Takahiro Miyazaki
Crystel Saraie
Crystel Saraie
Author LinkedIn connections

On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 7-2025 (FIL-7-2025), marking a significant shift in how banks can engage with cryptocurrency activities. This guidance rescinds previous requirements for FDIC-supervised institutions to obtain prior approval before engaging in crypto-related activities, aligning with broader efforts by federal regulators to facilitate innovation in the financial sector.

Background

Prior to FIL-7-2025, the FDIC had established a more cautious approach to cryptocurrency through Financial Institution Letter 16-2022 (FIL-16-2022). This earlier guidance mandated that banks notify the FDIC and receive supervisory nonobjection before engaging in certain crypto-asset activities. The requirement was part of a broader regulatory framework that aimed to ensure safety and soundness in banking operations involving digital assets.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

The UK Cyber Security And Resilience Bill: What You Need To Know

The UK Government has introduced the Cyber Security and Resilience Bill to address critical gaps in existing cyber security regulations, expanding coverage to data centres, managed service providers, and critical suppliers while granting regulators enhanced enforcement powers. With tightened incident reporting deadlines, turnover-based penalties up to £17 million, and mandatory supply chain resilience measures, organisations across essential services sectors must assess their readiness for compliance
United KingdomTechnology
Browne Jacobson LLP
Browne Jacobson LLP
Article

EDPB统一DPIA模板落地：欧盟数据合规正从“程序评估”走向“设计问责”

The European Data Protection Board has released a unified DPIA template for public consultation, marking a significant shift from fragmented national practices to coordinatead EU-wide compliance. This standardization effort aims to transform data protection impact assessments from procedural documents into substantive design accountability tools, requiring organizations to demonstrate not just that they conducted assessments, but that their processing activities can withstand rigorous evaluation.
European UnionTechnology
Jincheng Tongda & Neal
Jincheng Tongda & Neal
Article

EU Cyber Resilience Act: First Reporting Obligations Take Effect Today

The EU Cyber Resilience Act introduces mandatory reporting obligations for manufacturers of digital products starting September 11, 2026. What vulnerabilities and incidents must be reported, how quickly must notifications be made, and what are the consequences for non-compliance? Understanding these requirements is crucial for manufacturers and their customers as the regulatory landscape for cybersecurity evolves.
European UnionTechnology
Slaughter and May
Slaughter and May
Article

Navigating Legal Protections In The Time Of Generative AI

Generative AI tools have become ubiquitous in business and legal practice, but their relationship with legal privilege protections remains largely unexplored. Recent court cases reveal how attorney-client privilege and work product doctrine apply when AI chatbots are involved in litigation preparation. Understanding these emerging legal boundaries is crucial for business leaders who use AI tools to explore sensitive matters that could become relevant in future lawsuits.
United StatesLitigation, Mediation & Arbitration
Caldwell Law
Caldwell Law
Article

Accelerated Due Diligence Is Redefining Value And Risk Allocation In Compressed M&A Timelines

M&A execution is increasingly governed by speed and competitive tension, forcing transaction parties to form views on valuation, risk allocation and integration feasibility within constrained diligence periods. As auction processes intensify and execution windows compress, diligence has evolved from a comprehensive verification exercise into a disciplined allocation of attention toward what is material to enterprise value, deal certainty and post-closing risk.
United StatesCorporate/Commercial Law
Caldwell Law
Caldwell Law