The FDIC issued new guidance affirming that FDIC-supervised institutions may engage in certain crypto-related activities without receiving prior regulatory approval. FDIC Acting Chair Travis Hill said in a press release that he expects “this to be one of several steps the FDIC will take to lay out a new approach for how banks engage in crypto- and blockchain-related activities.” Senate Banking Committee Republicans tweeted in support of the guidance, arguing that it “will help ensure the United States can be the crypto capital of the world.”