SoFi CEO Anthony Noto said Monday the company plans to re-enter the cryptocurrency business, according to CNBC. The move follows changes in federal oversight under the Trump administration. SoFi halted crypto investing in late 2023 to comply with conditions tied to its bank charter, forcing customers to either liquidate or transfer holdings. New guidance from the acting head of the Office of the Comptroller of the Currency has opened the door for a return. Noto said the fintech bank will resume crypto investing by year-end, with a broader push into blockchain integration across all product areas within two years.
