• SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a "fundamental shift" in the regulatory landscape under the Trump administration.
• SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank.
• But after new guidance this year from the acting head of the Office of the Comptroller of the Currency, the technology company is planning an aggressive push back into crypto, Noto told C온라인카지노사이트 late Monday in an interview.

CEO said the fintech bank will bring back cryptocurrency investing this year after a "fundamental shift" in the regulatory landscape under the Trump administration.

SoFi was forced to  crypto investing in late 2023 as a condition of receiving a bank charter in a time of heightened federal scrutiny of digital assets. Customers, who had access to more than 20 crypto coins at the time, were either shunted to Blockchain.com or liquidated their holdings.

But after new from the Office of the Comptroller of the Currency, the technology company is planning an aggressive push back into crypto, Noto told C온라인카지노사이트 late Monday in an audio interview.

"We're going to re-enter the crypto business, which we had to exit," Noto said. "We'll re-enter the business of allowing our members to invest in cryptocurrency. We want to actually make a bigger, more comprehensive push into cryptocurrency [this time], to include really providing crypto or blockchain capabilities in each product area that we have."

The SoFi announcement is early proof that banks are looking to push further into crypto in the Trump era. In January, the CEOs of and said their institutions were ready to in crypto. At the same time, crypto firms including Circle and BitGo are to apply for bank charters or licenses, further blurring the lines between traditional and digital finance.

SoFi, which calls itself a "one-stop shop" for digital finance, on Tuesday first-quarter results that topped expectations, with the fastest revenue growth in more than a year. Unlike other companies being buffered by , SoFi also raised its guidance for 2025 revenue and earnings.

The fintech firm should be able to offer crypto investing by year-end, barring unforeseen circumstances, Noto said.

He specifically cited a recent letter "that basically said that OCC-regulated banks can operate in crypto businesses, and that is a fundamental shift in the regulatory landscape."

The CEO said that he expected the current regulatory environment, in which Trump appointees rolled back restrictions around crypto and a regulatory framework for stablecoins is making its way through Congress, will allow the company to expand beyond investing.

Over the next six to 24 months, SoFi will look to adopt crypto or its underlying technology in all of the company's major product lines, Noto said. That timeline could be accelerated with acquisitions, he added.

"Our aspirations are as broad as they are for any other product that we have, and we believe we can leverage the technology across lending and savings and spending and investing and protecting," Noto said.

Future products could include borrowing cash based on the value of crypto held with SoFi, as well as using crypto in payments, Noto said.