The U.S. Federal Deposit Insurance Corporation is taking a new approach under the Trump administration toward digital assets and is turning back standards requiring financial institutions to notify the agency before engaging in crypto-related activities.

In a statement released on Friday, the FDIC said it would be rescinding old guidance and providing a new one to clarify that its supervised institutions can "engage in permissible crypto-related activities" without getting the agency's go-ahead beforehand.

"With today's action, the FDIC is turning the page on the flawed approach of the past three years," said FDIC Acting Chair Travis Hill in a statement on Friday. "I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto and blockchain related activities in accordance with safety and soundness standards."

The FDIC previously warned that crypto activities could pose a risk to the U.S. banking system. In recognizing those risks, the agency released a Financial Institution Letter in April 2022, urging its supervised institutions to inform the agency about their current and intended crypto-related activities.

On Tuesday, the FDIC also looked to put an end to "reputational risk" as a way to supervise banks following criticism from some in the crypto industry who say they have been blocked from key financial services. Separately, another U.S. agency, which regulates and supervises national banks and federal savings associations, also rescinded previous digital asset restrictions earlier this month. The Office of the Comptroller of the Currency clarified that crypto-related activities are allowed in the federal banking system.

This all comes after President Donald Trump has signaled a friendlier approach to crypto than the previous Biden administration. Trump has criticized the Biden administration's approach to banks and crypto, saying on March 7 at a White House Summit that the previous administration "strong-armed banks into closing the accounts of crypto businesses and entrepreneurs, effectively blocking some money transfers to and from exchanges, and they weaponized government against the entire industry."

Bo Hines, executive director of the President's Council of Advisers for Digital Assets, said the FDIC's move was "another big win."

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。