SoFi Bank Boss Reveals Crypto Investments Return Following Regulatory Change Instigated by Trump: Sources Claim
Crypto Banking Returns with Regulatory Shift
Say goodbye to the crypto doldrums! SoFi's CEO, Anthony Noto, has announced that the company is bouncing back into the crypto business with a vengeance. After a forced departure in 2023 due to regulatory pressure, SoFi plans to let their members invest in cryptocurrencies like never before.
In a recent interview, Noto shared, "We're not just dipping our toes in the crypto pool this time—we're diving headfirst! We're aiming to expand our crypto offerings across every product area we have."
Last week, the Federal Reserve announced that it had withdrawn four previous statements and letters regarding the Fed's expectations for banking crypto activities. Cue the celebration! This move signals that the Fed's expectations are now in line with the evolving risks in the crypto landscape, giving innovation in the banking sector a much-needed boost.
The Fed explained, "By withdrawing this guidance, we're ensuring our expectations align with emergent risks, thereby supporting innovation in the financial system." They plan to maintain a watchful eye on crypto activities through the traditional supervisory process.
This decision marks a trend in the regulatory sphere taking a more relaxed approach towards the crypto sector, following a series of policy shifts since the reinstatement of President Trump's administration. (Note: As of our research, it remains unclear whether President Trump has been reinstated as of April 2025.).
Don't miss out on the crypto action! Stay in the loop by following us on X, Facebook, and Telegram. Get email alerts right to your inbox, and check out Price Action and The Daily Hodl Mix. Stay ahead of the curve!
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Some of the latest happenings in Crypto-land:
- Bitcoin Seoul 2025: Asia's largest Bitcoin-focused conference, Bitcoin Seoul, will host industry leaders from near and far this April.
- FLOKI and Rice Robotics: Get your hands on an AI companion robot that rewards you in FLOKI tokens! FLOKI and Rice Robotics have teamed up to create this amazing tech.
- STEPN and Argentina Football Association: Be a part of the historic NFT drop by STEPN and the Argentina Football Association.
- BYDFi and Ledger: BYDFi partners with Ledger to launch a limited edition hardware wallet, making a splash at TOKEN2049 Dubai.
- Grindery Wallet Infra for AI Agents: The team behind the popular Telegram wallet, Grindery, has revealed its innovative wallet infrastructure for AI agents.
- Common: Common launches the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM.
- Falcon Finance: Falcon Finance unveils its transparency page for a more straightforward experience.
Stay informed on the future of finance, including macro, Bitcoin, Ethereum, crypto, and web 3. Categories include Bitcoin, Ethereum, Trading, Altcoins, Futuremash, Financeflux, Blockchain, Regulators, Scams, HodlX, and more.
About Us | Editorial Policy | Privacy Policy | Terms and Conditions | Contact | Advertise
Join us on Telegram | Join us on X | Join us on Facebook
Copyright © 2017-2025 The Daily Hodl
Report Ad
- In light of the regulatory shift, SoFi, led by CEO Anthony Noto, is re-entering the cryptocurrency market with a renewed focus, allowing members to invest in a variety of cryptocurrencies, including Ethereum and altcoins.
- The Federal Reserve's recent decision to withdraw four previous statements and letters regarding banking crypto activities is a significant step, indicating a more accommodating stance towards the evolving risks in the cryptocurrency landscape.
- As a result of this regulatory shift, there has been an increase in collaboration and innovation within the cryptocurrency industry. For instance, FLOKI and Rice Robotics have teamed up to create an AI companion robot that rewards users in FLOKI tokens.
- To stay updated on the latest happenings in the cryptocurrency world, readers can follow The Daily Hodl on Telegram, Facebook, and other platforms, where they can receive email alerts, view Price Action, and The Daily Hodl Mix.
- It's essential to note that opinions expressed by The Daily Hodl are not investment advice, and investors should always conduct thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl is not an investment advisor and participates in affiliate marketing.
