The US FDIC is reassessing its regulation of cryptocurrency activities, and the original regulatory warning has been removed."
According to online reports, according to crypto KOL MartyParty, the Federal Deposit Insurance Corporation (FDIC) announced today that it is actively reassessing its regulatory approach to cryptocurrency-related activities. This includes replacing the Financial Institutions Letter (FIL) 16-2022 and providing a path for institutions to engage in cryptocurrency and blockchain-related activities while adhering to security and integrity principles. This information was highlighted in a statement by Acting Chairman Travis Hill, indicating changes in the FDIC's regulation of banks involved in cryptocurrency activities. This means: Banks can hold customers 'cryptocurrencies and will be insured by the FDIC. The Biden administration's Choke Point FIL 16-2022 letter has been withdrawn and replaced. MartyParty commented that the original FIL-16-2022 letter link has been deleted and a 404 error is displayed. The FDIC is removing all evidence related to its politically motivated policies against cryptocurrencies.
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