Sidley Discusses the State of Play in Banking and Digital Assets

This article examines recent regulatory developments that have created a more favorable environment for banks and nonbank institutions to engage in digital asset activities. It highlights significant actions by the OCC, Federal Reserve, Treasury, and FDIC that signal a more open and flexible supervisory posture toward digital assets, stablecoins, and payments innovation. Together, these developments point to new opportunities for institutions considering digital asset businesses, bank charters, or expanded participation in the U.S. financial system.