The Federal Deposit Insurance Corporation (FDIC) has released 175 documents related to its supervision of banks that engaged in or sought to engage in crypto-related activities. Acting Chairman Travis Hill stated that the agency’s approach to crypto assets and blockchain has been critical, and a comprehensive review of supervisory communications is underway.
The review, prompted by a court-ordered deadline, aims to enhance transparency beyond what is required by the Freedom of Information Act (FOIA). The released documents show that requests from banks were met with resistance, including repeated requests for information, multi-month periods of silence, and directives to pause or suspend crypto-related activities. This has resulted in many banks stopping their attempts.
Looking ahead, the FDIC plans to reevaluate its supervisory approach to crypto-related activities, replacing an existing policy letter and providing a pathway for institutions to engage in these activities while adhering to safety and soundness principles. The agency also looks forward to engaging with the President’s Working Group on Digital Asset Markets.
Source: https://fdic.gov/news/press-releases/2025/fdic-releases-documents-related-supervision-crypto-related-activities