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ARTICLE · 04 APRIL 2025

FDIC Streamlines Process For Cryptocurrency Activities By Banks It Regulates And Speculates On Additional Permissible Activities

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On March 28, the Federal Deposit Insurance Corporation (FDIC) issued guidance on state nonmember bank and state savings association participation in certain cryptocurrency activities.

United StatesTechnology
Matthew Bisanz
Matthew Bisanz
Andrew Olmem
Andrew Olmem
Kelly F. Truesdale
Kelly F. Truesdale
Joseph A. Castelluccio
Joseph A. Castelluccio
Jeffrey P. Taft
Jeffrey P. Taft
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At A Glance

On March 28, the Federal Deposit Insurance Corporation (FDIC) issued guidance on state nonmember bank and state savings association participation in certain cryptocurrency activities. This guidance is the latest step by federal regulators to remove impediments to banks and financial services institutions to engage in crypto-related businesses, and follows similar action by the Office of the Comptroller of the Currency. We provide context to FIL-7-2025 and what it means for the crypto sector in this Legal Update.

On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) issued guidance on state nonmember bank and state savings association participation in certain cryptocurrency activities ("FIL-7-2025"). This guidance is the latest step by federal regulators to remove impediments to banks and financial services institutions to engage in crypto-related businesses, and follows similar action by the Office of the Comptroller of the Currency

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