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SoFi Bank Chief Announces Resurrection of Cryptocurrency Investments Following Regulatory Shift Instigated by Trump: Sources
Today, we've got some top-notch news for you crypto enthusiasts, so grab a snack and settle in! 🍿
SoFi's crypto comeback 💫
In an exclusive chat with CNBC, the CEO of SoFi, Anthony Noto, shared some exciting news about the company's plans to rekindle its affair with crypto. After a brief hiatus owing to regulatory pressure back in 2023, SoFi is all set to reignite its crypto services. Here's the scoop:
"We're gonna make a bigger, more comprehensive push into cryptocurrency [this time]. We want to actually provide crypto or blockchain capabilities in each product area that we have."
This revival will enable SoFi members to invest in cryptocurrencies like never before. Stay tuned for more updates on this re-entry! 🎯
Regulators' chill vibes towards crypto 🌞
Recent regulatory developments indicate a more relaxed stance towards the crypto sphere since the new presidential administration took charge. Last week, the Federal Reserve withdrew four statements related to its expectations for crypto activities. Here's what they said:
"The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
These actions ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system."
This move follows a trend of regulators warming up to the crypto landscape and offering support for innovation in the sector. 🌟
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🙅♂️ Disclaimer: Opinions expressed in this article are for informational purposes only and should not be considered investment advice. Always do your own research before making high-risk investments in crypto, digital assets, or Bitcoin.
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- SoFi's CEO, Anthony Noto, shared plans for a more comprehensive push into cryptocurrency, aiming to provide blockchain capabilities in each product area of the company.
- Regulatory developments indicate a more relaxed stance towards the crypto sphere, with the Federal Reserve withdrawing statements related to expectations for crypto activities.
- To stay updated with the latest crypto events, consider following on X, Facebook, and Telegram.
- Always do your own research before making high-risk investments in cryptocurrencies like Bitcoin, Ethereum, Altcoins, and more.
- Check out the INDUSTRY ANNOUNCEMENTS section for the latest news, press releases, and guest posts related to crypto and finance.
