David Sacks: FDIC Makes It Easier for Banks to Engage in Crypto Activities, Will Further Drive Crypto Mainstream Adoption

BlockBeats News, March 29th, White House Crypto and AI Lead David Sacks commented on the "FDIC Issues New Guidance Clarifying Bank Participation in Crypto Activities," stating, "The FDIC is making it easier for banks to engage in crypto-related activities, which is one of the best ways to further mainstream crypto."

BlockBeats previously reported that the Federal Deposit Insurance Corporation (FDIC) officially released new guidance indicating that institutions regulated by the FDIC can engage in "permissible" crypto activities without prior approval from the FDIC and will continue to communicate with Trump's Digital Asset Working Group.