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CU Town Hall Episode 133: FDIC Opens the Crypto Door for CUs
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In this session, we discussed the FDIC’s recent decision to ease restrictions on cryptocurrency activities for financial institutions and its impact on credit unions. With prior approval no longer required, credit unions have new opportunities to explore crypto services—but also face risks like market volatility, security threats, and regulatory uncertainty. Join us as we break down the key challenges, benefits, and compliance strategies for navigating this evolving landscape.
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About John Best:
John Best is an author, speaker, “outside the box” innovator, podcast host, and co-founder and CEO of Best Innovation Group (BIG), a technology, innovation, development, and consulting company catering to the financial industry. John is recognized as a thought leader and innovator in the fintech space, with a particular affinity for credit unions.
In his book Breaking Digital Gridlock, John provides key strategies and practical solutions for credit unions and community banks to achieve digital transformation. Breaking Digital Gridlock breaks down complex topics such as blockchain, AI, and machine learning into the what, the why, and the how for non-technical executives.
John previously served as Chief Technology Officer and Senior Vice President at Wescom Credit Union and Wescom Resources Group. John divides his time between his homes in beautiful Colorado Springs and his acreage in Tennessee. In his spare time, John enjoys flying as an FAA certified drone pilot, playing guitar, gaming and watching Sci-Fi.
Follow John:
- LinkedIn https://www.linkedin.com/in/jbfintech/
- Bluesky @jbfintech.bsky.social