CandleFocus SoFi CEO Details 'Aggressive' Crypto Return Under President Trump
2025-01-28
Author: Content Editor
The financial services company, SoFi, plans to re-enter the cryptocurrency market, after previously winding down its crypto trading services in 2023. The decision to re-enter the market will depend on regulatory clarity under President Donald Trump’s administration. SoFi CEO Anthony Noto said that the company will aggressively pursue crypto services based on the regulatory environment, potentially including asset custody, clearing, and asset-backed lending. SoFi aims to offer a comprehensive investment platform and had shut down its crypto services in 2023 but has since expanded its investment offerings. The Securities and Exchange Commission (SEC) recently unveiled a task force to regulate crypto, and the company is hoping for improved regulatory conditions for re-entering the market.
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