The U.S. FDIC is re-evaluating its regulation of cryptocurrency activities, and the original regulatory warning has been deleted

Odaily News According to crypto KOL MartyParty, the U.S. Federal Deposit Insurance Corporation (FDIC) announced today that it is actively re-evaluating its regulatory approach to cryptocurrency-related activities. This includes replacing Financial Institution Letter (FIL) 16-2022 and providing institutions with a path to participate in cryptocurrency and blockchain-related activities while adhering to the principles of security and soundness.
This information was emphasized in a statement from Acting Chairman Travis Hill, indicating a change in the FDIC's supervision of banks involved in cryptocurrency activities. What this means: banks can custody customers' cryptocurrencies and they will be insured by the FDIC. The Biden administration's Choke Point FIL 16-2022 letter has been withdrawn and replaced.
MartyParty commented: The original FIL-16-2022 letter link has been deleted and shows a 404 error. The FDIC is removing all evidence related to its politically motivated policy against cryptocurrency.