SoFi CEO: Fundamental shift in regulatory environments that will reboot cryptocurrency businesses
2025-04-29 11:17:15
According to CNBC, Anthony Noto, CEO of financial services firm SoFi, recently announced that the fintech bank will reintroduce cryptocurrency investment services in the context of a "fundamental shift" in the regulatory environments of the Trump administration. SoFi was forced to terminate its cryptocurrency business at the end of 2023 due to the requirement to obtain a banking license, but after the acting head of the Office of the Comptroller of the Currency issued new guidance this year, the company decided to return to the crypto space. Noto said that SoFi plans to resume cryptocurrency investment services by the end of the year and integrate blockchain technology into all major product lines, including lending, savings, consumption, investment and protection, within the next 6 to 24 months. Accelerating this process through acquisitions is not ruled out.
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