Crypto offers a decentralized alternative to the traditional banking system, while also empowering financial institutions to offer better products and services.

Crypto’s core innovation is enabling users to “be their own banks,” allowing them to conduct financial activities like making payments and storing value without having to rely on trusted third parties. But even though crypto is meant to work without banks, US financial institutions can leverage its power as next-generation financial infrastructure to make their offerings better, faster, and cheaper.

Unfortunately, current US laws and regulations make it difficult or impossible for the traditional banking system to take advantage of crypto’s benefits and opportunities. Most state and federal banking laws aren’t designed with crypto in mind, and prudential regulators like the Federal Reserve, the OCC, and the FDIC have been hesitant to approve blockchain-based products and services. To make sure that the US banking system doesn’t fall behind, we support policies that support the use of crypto by everyday users, traditional financial institutions, and energetic new crypto firms alike.  

Current Issues

BA Comment on Department of Commerce’s Digital Asset Competitiveness RFC

BA Comment Letter on FDIC’s Digital Asset RFC

BA Comment on NCUA’s Digital Asset RFC

Relevant News


Blockchain Association Submits Additional FOIA and FOIL Requests to Further Investigate De-banking of Crypto Firms


Blockchain Association Submits FOIA Request to Investigate De-banking of Crypto Firms


Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance

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Fact Sheet: What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies

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