The United States will aim for clear regulatory rules to enable banks and their customers to hold and operate with cryptocurrencies, said the FDIC chair, Jelena McWilliams.
As such, the positive developments coming from the world’s largest economy continue as the nation recently had its first Bitcoin Futures ETF.
US Banks to Hold Crypto?
Up until a year ago, banks and cryptocurrencies were two mutually exclusive terms as the former refused to acknowledge even the mere existence of digital assets.
The landscape started to change in the US at the start of this year with BNY Mellon – the country’s oldest bank – which announced Bitcoin custodial services. Many others followed, and even former well-known critics such as JPMorgan and Goldman Sachs launched pro-digital asset initiatives.
US banks could take it a step further, according to Jelena Williams, the chair of the Federal Deposit Insurance Corporation (FDIC). During a recent speech, she said local regulators are working on a r
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