According to Cointelegraph, online banking platform SoFi Technologies announced its return to the cryptocurrency market and launched 'blockchain-driven international remittances.' The company had exited the market in November 2023.
SoFi customers will be able to buy, sell, and hold crypto assets in their accounts, with the company planning to expand into stablecoin products and increase crypto lending features. SoFi CEO Anthony Noto expressed excitement about blockchain and crypto innovation.
Under the Trump administration, regulations were relaxed, stablecoin legislation is advancing in Congress, and the Federal Reserve eliminated the 'reputational risk' review for banks, which could make it easier for crypto companies to collaborate with banks.