US banking regulators have lifted earlier warnings about banks’ involvement with cryptocurrencies, signaling a shift towards more openness and prudence in digital asset activities. The Federal Deposit Insurance Corp (FDIC) and the Federal Reserve withdrew two joint statements on crypto-asset risks, citing evolving risks and supporting innovation.
The move comes as another regulator, the Office of the Comptroller of the Currency (OCC), clarified certain crypto banking permissions. The OCC confirmed that crypto-asset custody, stablecoin activities, and independent node verification networks are permissible for national banks and federal savings associations.
In a significant departure from the prior administration’s enforcement-first approach, new Securities and Exchange Commission (SEC) Chairman Paul Atkins has taken a pro-innovation stance on cryptocurrency. He has pledged to establish a “rational fit-for-purpose framework” for crypto assets and will work with Commissioner Hester Peirce to create this framework.
The SEC roundtable focused on the regulatory challenges of safely holding custody of digital assets in compliance with federal securities laws. Panelists emphasized the need for regulatory flexibility to accommodate rapid technological change, warning that prescriptive rules risk becoming obsolete as technology evolves.
Foreign regulators were cited as a guiding light for clarity and allowed crypto firms to evolve. The move is expected to encourage the growth of the US digital assets market domestically rather than pushing it abroad.
Source: https://www.pymnts.com/cryptocurrency/2025/banking-regulators-withdraw-statements-that-discouraged-bank-involvement-with-crypto