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FDIC shifts to a more lenient crypto policy, balancing bank safety with digital asset innovation.
The FDIC is reassessing its stance on cryptocurrency, moving away from a restrictive approach towards a clearer regulatory framework that allows banks to engage in crypto activities while maintaining safety standards.
This shift follows a court-ordered release of documents showing previous regulatory resistance and political scrutiny over "debanking" practices that may unfairly target crypto businesses.
The move aligns with federal efforts to provide regulatory clarity and protect business innovation in the digital asset market.
3 months ago
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