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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • March 28, 2025

ABA Welcomes New FDIC Guidance on Crypto-Related Activities

“We welcome FDIC’s new guidance allowing supervised institutions to engage in permissible crypto-related activities without receiving prior FDIC approval. This important step removes an obstacle that led banks to engage more cautiously in the digital asset market, which has prevented customers from obtaining innovative products and services through their trusted bank relationships. America’s banks are actively evaluating ways to compete safely and responsibly across the financial services ecosystem, and this type of regulatory clarity is critical to enhancing innovation in the space. We look forward to our continued collaboration with the FDIC and the other banking agencies as they work to issue further guidance in this rapidly developing marketplace.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.1 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.2 trillion in deposits and extend $12.7 trillion in loans.

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