The U.S. Federal Deposit Insurance Corporation (FDIC) has signaled a pro-crypto shift amid the ongoing U.S. Senators’ hearing on the alleged de-banking of crypto firms during the Biden Administration.

Federal Deposit Insurance Corp. Acting Chair Travis Hill released a trove of internal supervisory correspondence from the agency to banks regarding proposed cryptocurrency business lines or relationships,

FDIC officials are asking banks for details on how they may engage with cryptocurrency while maintaining appropriate safeguards.