🚀 Banks & Crypto: FDIC Says ‘Go Ahead, Make My Day’ 🤑

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So, the FDIC has had a little think and decided, “You know what? Banks can totally play with crypto now.” No need to ask for permission first! 🎉

It’s like they woke up one day and thought, “Restrictive policies? Ugh, so last year.” 🙄

In a plot twist no one saw coming (except maybe everyone), they’ve ditched the old2022 “ask first” rule. Now, banks can dive into the crypto pool as long as they promise not to drown in risk. Safety first, kids! 🏊‍♂️💰

Getting Cozy with Crypto Again

Turns out, there was a bit of a tiff earlier this year. Some sneaky documents showed the FDIC was basically telling banks, “Don’t you dare talk to those crypto weirdos.” 😒

But Coinbase, not one to be pushed around, filed a Freedom of Information Act request and snagged those juicy docs. And what do you know? They sued the FDIC in2024. Drama! 🍿

Acting FDIC Chairman Travis Hill, probably with a smirk, said, “We’re flipping the script on the last three years of nonsense.” He’s basically promising a crypto party where safety and soundness are the VIP guests. 🥳

Remember “Operation Choke Point2.0”? Yeah, that wasn’t a hit. The FDIC was like, “Hey banks, drop those crypto clients, they’re too risky and might tarnish your rep.” Very cool, very modern. 🙅‍♂️

But now, the FDIC is playing nice. They’re teaming up with the President’s Working Group on Digital Asset Markets to craft some crystal-clear rules. Finally, clarity in the wild world of crypto! 🌐✨

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2025-03-28 21:05