The Federal Deposit Insurace Corporation (FDIC) has issued a Financial Institution Letter (FIL-7-2025) resecinding FIL-16-2022, and providing new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities.
The new FIL affirms that FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as crypto-assets and digital assets, provided that they adequately manage the associated risks. The FDIC expects that FDIC-supervised institutions conduct all activities in a safe and sound manner and consistent with all applicable laws and regulations.
This means FDIC insured banks can now engage in Bitcoin activity, a huge step forward in Bitcoin adoption. This has the potential of allowing individuals to store their bitcoin with their banks, while being insured up to $250,000 per account.