SoFi to Resume Crypto Services in 2025 Following Regulatory Shift
The post SoFi to Resume Crypto Services in 2025 Following Regulatory Shift appeared on BitcoinEthereumNews.com. TLDR SoFi plans to reintroduce crypto investing by end of 2025 after halting services in 2023 CEO Anthony Noto cites “fundamental shift” in regulatory landscape under Trump administration Company aims to integrate blockchain across all product lines within next 6-24 months Future offerings may include crypto payments and lending against digital assets SoFi’s move comes as crypto market shows resilience with Bitcoin hovering around $93,000 SoFi Technologies is preparing to make a strong return to the cryptocurrency market after stepping away in 2023 due to regulatory pressures. CEO Anthony Noto confirmed the fintech bank plans to reintroduce crypto investing this year, citing a “fundamental shift” in the regulatory landscape under the Trump administration as the driving force behind this decision. The company previously offered more than 20 cryptocurrencies before halting services to secure its bank charter during a period of heightened federal scrutiny of digital assets. Customers were either transferred to Blockchain.com or had to liquidate their holdings when SoFi exited the space. Recent guidance from the Office of the Comptroller of the Currency (OCC) has cleared the path for SoFi’s return to crypto. A March directive eased compliance expectations for banks operating in the digital asset space, creating an opening for regulated financial institutions to engage with cryptocurrencies. “We’re going to re-enter the crypto business, which we had to exit,” Noto told CNBC in a recent interview. “We’ll re-enter the business of allowing our members to invest in cryptocurrency.” SoFi expects to offer crypto investing by the end of the year, barring any unforeseen circumstances. But the company’s ambitions extend far beyond simply reviving its previous offerings. Expanding Beyond Basic Crypto Trading Noto revealed that SoFi plans a more comprehensive push into cryptocurrency this time around. The company intends to integrate blockchain technology across its core product lines within…
The post SoFi to Resume Crypto Services in 2025 Following Regulatory Shift appeared on BitcoinEthereumNews.com.
TLDR SoFi plans to reintroduce crypto investing by end of 2025 after halting services in 2023 CEO Anthony Noto cites “fundamental shift” in regulatory landscape under Trump administration Company aims to integrate blockchain across all product lines within next 6-24 months Future offerings may include crypto payments and lending against digital assets SoFi’s move comes as crypto market shows resilience with Bitcoin hovering around $93,000 SoFi Technologies is preparing to make a strong return to the cryptocurrency market after stepping away in 2023 due to regulatory pressures. CEO Anthony Noto confirmed the fintech bank plans to reintroduce crypto investing this year, citing a “fundamental shift” in the regulatory landscape under the Trump administration as the driving force behind this decision. The company previously offered more than 20 cryptocurrencies before halting services to secure its bank charter during a period of heightened federal scrutiny of digital assets. Customers were either transferred to Blockchain.com or had to liquidate their holdings when SoFi exited the space. Recent guidance from the Office of the Comptroller of the Currency (OCC) has cleared the path for SoFi’s return to crypto. A March directive eased compliance expectations for banks operating in the digital asset space, creating an opening for regulated financial institutions to engage with cryptocurrencies. “We’re going to re-enter the crypto business, which we had to exit,” Noto told CNBC in a recent interview. “We’ll re-enter the business of allowing our members to invest in cryptocurrency.” SoFi expects to offer crypto investing by the end of the year, barring any unforeseen circumstances. But the company’s ambitions extend far beyond simply reviving its previous offerings. Expanding Beyond Basic Crypto Trading Noto revealed that SoFi plans a more comprehensive push into cryptocurrency this time around. The company intends to integrate blockchain technology across its core product lines within…
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