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The Federal Deposit Insurance Corporation (FDIC) clarified its stance on crypto-related banking activities Friday, drawing praise from industry leaders like Cardano founder Charles Hoskinson. The US banking regulator announced it rescinded FIL-16-2022. This 2022 policy had required FDIC-supervised institutions to first notify the agency before engaging in digital asset services. The FDIC’s new guidance effectively allows these banks to now offer approved crypto-related services without seeking prior agency permission, a change seen as potentially encouraging more institutional participation in the space. Related: Ripple CTO Slams FDIC’s Crypto Roadblocks Amid Coinbase Court Revelations On March 28, the FDIC announced the rescission of FIL-16-2022, a policy issued in April 2022 that required banks under its supervision to notify the agency before engaging in crypto activities. The new guidance confirms that banks may participate in such activities as long as they effectively manage the associated risks. While the prior notification requirement has been removed, banks are still expected to conduct crypto-related operations in a safe and sound manner. They must adhere to regulations concerning market risk, liquidity, cybersecurity, and anti-money laundering compliance. The FDIC emphasized that financial institutions should work closely with their supervisory teams when navigating digital asset services. Related: Senate Votes to Repeal IRS DeFi Crypto Broker Rule in Bipartisan Victory for Industry Notably, the FDIC’s updated approach could reduce friction for banks looking to integrate crypto services and accelerate adoption within the traditional banking sector. Cardano founder Charles Hoskinson echoed this sentiment in his remarks. “This is a major step forward and a big win for crypto,” he said. “Wow! Banks can now touch crypto without groveling for approval? How generous,” said Teddy Paulus, a Bitcoin advocate. Notably, the FDIC’s decision also aligns with broader regulatory easing for crypto businesses. The agency plans to issue further guidance in collaboration with other U.S. financial regulators. In January, the SEC repealed the controversial crypto accounting rule, Staff Accounting Bulletin 121 (SAB 121), replacing it with SAB 122. SAB 121 required financial institutions holding crypto assets for customers to list them as liabilities on their balance sheets, which was criticized for complicating crypto custody and hindering innovation. Related: SEC Loosens SAB 121 Rules, Paving the Way for Banks to Enter Crypto Custody Market Meanwhile, earlier this week, U.S. Senators voted 70-28 to repeal a controversial IRS rule that imposed heavy tax reporting requirements on decentralized finance (DeFi) protocols. The rule would have required DeFi projects to report user transactions like traditional brokers, raising concerns about privacy and feasibility. The resolution now moves to President Trump for approval. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The cryptocurrency world is buzzing with excitement following the U.S. Federal Deposit Insurance Corporation’s (FDIC) latest guidance on banks engaging with crypto-related activities. This move is being hailed as a potential game-changer, paving the way for wider crypto adoption and greater mainstream acceptance. David Sacks, a prominent voice in the tech and crypto space, has lauded the FDIC’s initiative, signaling a significant shift in the regulatory landscape. Let’s dive into what this means for the future of crypto and traditional finance. For years, one of the major hurdles for cryptocurrency has been bridging the gap between the decentralized world of digital assets and the established framework of traditional finance. Banks, as cornerstones of the financial system, have been hesitant to fully embrace crypto due to regulatory uncertainties and perceived risks. The FDIC’s new guidance aims to clarify the rules of engagement, making it easier and safer for banks crypto to participate in the digital asset ecosystem. Here’s why this guidance is being celebrated as a pivotal moment for mainstream crypto: David Sacks, known for his insightful commentary on technology and finance, took to X (formerly Twitter) to express his positive outlook on the FDIC’s guidance. He specifically credited the FDIC’s initiative for making it simpler for banks to engage in digital asset operations. His appreciation for the agency and Acting Chairman Travis Hill underscores the significance of this regulatory development. Sacks stated that this move is “one of the best ways to mainstream crypto further,” highlighting the potential for widespread integration of crypto into the financial mainstream. Sacks’s endorsement carries weight in the tech and investment communities. His perspective reinforces the idea that regulatory clarity, as provided by the FDIC, is a vital ingredient for the continued growth and acceptance of cryptocurrencies. While the full details of the guidance are being analyzed by industry experts, the core message is clear: the FDIC is providing a pathway for regulated banks to participate in certain crypto-related activities under specific conditions. This likely includes areas such as: It’s crucial to note that the FDIC is expected to maintain a cautious approach, emphasizing consumer protection and financial stability. The guidance likely includes safeguards and requirements for banks to manage risks associated with crypto assets, such as volatility and cybersecurity threats. While the FDIC guidance is a positive step, banks venturing into the crypto realm will still face challenges. These may include: For those interested in the intersection of traditional finance and crypto, here are some actionable insights and things to watch: The FDIC’s guidance on banks and crypto is undeniably a groundbreaking development. It signals a maturing of the crypto industry and a growing recognition from regulatory bodies of the need to integrate digital assets into the mainstream financial system. David Sacks’s enthusiastic endorsement further underscores the potential of this initiative to accelerate crypto adoption and pave the way for a more inclusive and innovative financial future. While challenges remain, this guidance represents a significant leap forward, promising to reshape the landscape of both banking and cryptocurrency. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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The Decentralized Physical Infrastructure Networks (DePIN) sector saw significant investment inflow during the first quarter of 2025. Crypto market analytics provider Messari reported that DePIN projects collectively raised over $150 million in funding during this period. This occurred even as generally bearish sentiment affected much of the broader altcoin market, highlighting growing investor interest in this specific niche. Related: DePIN’s Blockchain Evolution: Is Solana Still the Best Choice? Interest in the DePIN space extends beyond just the largest projects. One crypto analyst posting on X (formerly Twitter), for example, recently highlighted several native tokens drawing user attention, including ATH, SPON, HEU, PEAQ, NATIX, and LMWR. It’s worth noting, however, that these specific tokens were not among the top 10 DePIN projects by market capitalization at the time of reporting. The analyst indicated the selection reflected their individual research focus rather than overall market ranking. Related: Energy Meets Blockchain: DePIN Tokens to Watch in December This growing investor interest seems to reflect wider recognition of DePIN’s potential impact. Many analysts suggest the sector’s growth stems from its promise to improve the management and efficiency of real-world physical infrastructure. DePIN projects typically leverage blockchain and crypto-incentives to offer increased efficiency, greater transparency, and potential cost-effectiveness compared to traditional centralized systems. Their adoption appears to be growing, particularly in vital areas like energy distribution grids, telecommunications networks, mobility, and smart city development – sectors crucial for ongoing global infrastructure upgrades. Analysts often link the significant capital flowing into DePIN to the rapid expansion of Artificial Intelligence (AI) and the Internet of Things (IoT). The tight integration of AI with potentially billions of connected IoT devices is expected to form the backbone of many future technology ecosystems. Within this context, experts believe decentralized networks will provide essential, robust infrastructure needed for efficient and secure data exchange between AI-driven applications and the vast array of sensors and devices powering them. This potential foundational role in supporting next-generation technology helps explain the increasing investor focus on the innovative DePIN ecosystem within the broader Web3 space. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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