The Trump administration’s pro-crypto shift is setting the stage for major banks to enter the digital asset market, potentially revolutionizing traditional finance and accelerating crypto’s mainstream adoption.
What Happened: A new Barron’s report on Wednesday reveals that the Federal Deposit Insurance Corp. (FDIC) is considering revising its stance on crypto banking, which could allow financial institutions to engage in certain crypto operations without prior regulatory approval.
This marks a major departure from the Biden administration’s approach, which discouraged traditional banks from interacting with cryptocurrencies.
Speaking at the World Economic Forum in Davos in January, Bank of America CEO …
Full story available on Benzinga.com