Just In: FDIC to Allow Banks to Manage Crypto Assets and Token Deposits

Q: How long will it take to read this news story?

The story "Just In: FDIC to Allow Banks to Manage Crypto Assets and Token Deposits" has 217 words across 33 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Just In: FDIC to Allow Banks to Manage Crypto Assets and Token Deposits" was covered 11 hours ago by CoinGape, a news publisher based in India.

Q: How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news. The outlet is headquartered in India and publishes an average of 33 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25913289</li><li>URL: https://beamstart.com/news/just-in-fdic-to-allow-17387825417881</li></ul>

CoinGape Logo CoinGape 11h ago

Just In: FDIC to Allow Banks to Manage Crypto Assets and Token Deposits - CoinGape

Quick Summary:

The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S.banks to manage crypto assets and offer tokenized deposits without prior regulatory approval.

This decision marks a shift in U.S.banking policy under the Trump administration, which has shown increased support for digital assets.

These records were disclosed as part of a court order in response to a lawsuit by Coinbase, which had sought transparency on regulatory actions affecting the industry.