FDIC and CFTC Revoke Previous Crypto-Related Guidelines

The FDIC and CFTC have both been working to change previous crypto guidelines. As federal regulators reconcile with the industry, they are removing old rules that specifically target crypto. The former institution is removing the requirement that banks report crypto business, while the latter holds crypto to the same standards as other industries. FDIC and CFTC Change Crypto Policies The FDIC is one of the top financial regulators in the US, and it’s turning over a new leaf source: https://beincrypto.com/fdic-cftc-revoke-crypto-guidelines/