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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details

Summary by NDTV Gadgets 360
The US Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) revoked crypto-related restrictions that were levied on banks during former President Joe Biden's administration. The FDIC has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the other hand, stated that crypto derivatives will be regulated the same way…
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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details

The US Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) revoked crypto-related restrictions that were levied on banks during former President Joe Biden's administration. The FDIC has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the other hand, stated that crypto derivatives will be regulated the same way…

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NDTV Gadgets 360 broke the news in on Tuesday, April 1, 2025.
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