On March 28, the Federal Deposit Insurance Corporation (FDIC) announced that banks can now engage in crypto-related activities without prior approval, following the removal of the ‘reputational risk’ category from bank exams. The FDIC defines crypto-related activities broadly, including roles such as custodians and stablecoin reserve maintainers. Meanwhile, the Commodity Futures Trading Commission (CFTC) issued a staff advisory confirming that digital asset derivatives will be treated the same as other derivatives, effective immediately. This marks a shift in the U.S. regulatory environment for crypto under the administration of Donald Trump, who supports more flexible regulations for crypto firms. Companies like Coinbase and Kraken are adapting by expanding their offerings in the derivatives market, responding to the easing of restrictions.

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