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Lawmaker Concerned Over FDIC 'Improperly' Pushing Banks to Avoid Serving Crypto Companies
We determined that the FDIC has started to develop and implement strategies that address the risks posed by crypto assets. However, the Agency. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and. In fact, FDIC insurance does not cover cryptocurrency or digital assets. In addition, the FDIC only insures deposits held in FDIC-insured.

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Official websites use. In a proposed settlement announced today , the Voyager and its affiliated companies have agreed to be permanently banned from offering, marketing, or promoting any products or service that could be used to deposit, exchange, invest, or withdraw any assets. The agency has been suspicious of the digital assets industry and has leaned toward shielding the banking system from deep involvement with crypto � a stance felt acutely by crypto businesses struggling to find and maintain banking relationships in the U.