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US Major Digital Bank SoFi Reenters Crypto Market: Is It a Sign for Others?
US Major Digital Bank SoFi Reenters Crypto Market: Is It a Sign for Others?
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SoFi, a prominent US digital bank, has resumed its cryptocurrency operations after a regulatory hiatus. CEO Anthony Noto confirmed the revival in a CNBC interview, emphasizing plans to enable crypto investments and integrate blockchain technology across all product lines. The decision follows updated guidance from the Office of the Comptroller of the Currency (OCC), signaling improved institutional access to digital assets.
The bank’s initial exit from crypto stemmed from strict oversight during its bank charter application. Regulatory clarity now appears to be drawing traditional finance players back into the digital asset space. SoFi’s return may catalyze further institutional adoption as compliance pathways become clearer.
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