On March 28, 2025, the FDIC rescinded FIL-16-2022 and provided new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities. FIL-16-2022, titled Notification of Engaging in Crypto-Related Activities, established a prior notification requirement for FDIC-supervised institutions that wish to engage in crypto-related activities.

The FDIC clarified that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. The FDIC affirmed 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. Nevertheless, the FDIC said that it expects these institutions to conduct all activities in a safe and sound manner and consistent with all applicable laws and regulations.

Read the FDIC’s issuance here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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