David Sacks: FDIC makes it easier for banks to participate in crypto activities, will drive crypto mainstream

According to BlockBeats, on March 29th, David Sacks, the White House Director of Cryptocurrency and Artificial Intelligence, stated in a post that "the FDIC has released new guidelines clarifying the process for banks to participate in cryptocurrency activities," stating that "the FDIC makes it easier for banks to participate in cryptocurrency related activities, which is one of the best ways to further promote the mainstreaming of cryptocurrency BlockBeats previously reported that the Federal Deposit Insurance Corporation (FDIC) has officially released new guidelines stating that agencies regulated by the FDIC can participate in "allowed" cryptocurrency activities without prior approval from the FDIC, and will continue to communicate with Trump's Digital Asset Working Group.