The Federal Deposit Insurance Corporation (FDIC) is reportedly preparing to revise its guidelines to allow banks to engage in crypto-related operations, including potentially putting checking accounts on blockchains. This follows a shift in the regulatory landscape for cryptocurrencies, with the newly-elected U.S. president Donald Trump pledging to create crypto-friendly policies. The Securities and Exchange Commission (SEC) has also softened its approach to crypto after a change in leadership, and has announced the formation of a Crypto Task Force to establish clear regulatory lines. Bank of America CEO Brian Moynihan has responded to the growing demand for crypto, stating that if regulations allow, the banking system will actively engage in crypto transactions. Additionally, Donald Trump's crypto and AI czar, David Sacks, has expressed the potential for a Bitcoin reserve and highlighted stablecoins' ability to support the dominance of the USD internationally.



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