SoFi Returns to Crypto Investing by Year-End: Benefitting from Regulatory Shift

Financial technology giant SoFi has announced its intention to reintroduce cryptocurrency investment services by the end of 2023, taking advantage of a new regulatory landscape shaped by policies implemented during the Trump administration. Previously forced to halt crypto trading due to heightened federal scrutiny of digital assets, SoFi now aims for a broader integration of crypto capabilities across all product offerings. This comes as traditional financial institutions like Bank of America and Morgan Stanley express renewed interest in exploring crypto opportunities.