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Forum Welcomes FDIC Guidance on Crypto-Related Activities
Action is a “welcome step toward providing much-needed regulatory clarity that empowers U.S. banks to collaborate with new technologies”
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today in response to the clarification of guidance by the Federal Deposit Insurance Corporation (FDIC) on crypto-related bank activities:
“This is a welcome step toward providing much-needed regulatory clarity that empowers U.S. banks to collaborate with new technologies. Previous FDIC guidance hindered banks’ ability to participate in the digital asset ecosystem. The Forum encourages the Federal Reserve to swiftly follow suit to ensure financial institutions can fully engage in crypto-related activities in a safe and sound manner.”
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