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PRESS RELEASE | APRIL 24, 2025 |
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Agencies Withdraw Joint Statements on Crypto-Assets
Today, the Federal Deposit Insurance Corporation, together with the Board of Governors of the Federal Reserve System (collectively, the agencies), has withdrawn two joint statements regarding banking organizations’ crypto-asset-related activities. This action is intended to provide clarity that banking organizations may engage in permissible crypto-asset activities and provide products and services to persons and firms engaged in crypto-asset related activities, consistent with safety and soundness and applicable laws and regulations.
The withdrawn joint statements, which were issued on January 3, 2023 and February 23, 2023, addressed crypto-asset risks and liquidity risks to banking organizations resulting from crypto-asset market vulnerabilities.
The agencies, along with the Office of the Comptroller of the Currency, are exploring issuing additional clarity with respect to banking organizations’ crypto-asset and related activities in the coming weeks and months.
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