Congress Eyes Crypto Banking Policy Shift Amid Regulatory Flux

A new Congressional Research Service report examines whether U.S. banks can conduct a broader range of crypto-related activities under existing banking law.

The report, published on September 30, notes that bank regulators generally assess whether an activity relates to banking and creates safety and soundness risks.

Since 2017, federal policy on crypto banking has shifted repeatedly, with varying degrees of restriction or allowance for different activities.