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SoFi Plans Crypto Comeback Amid Easing Regulations

Coin WorldThursday, May 1, 2025 3:12 am ET
1min read

SoFi, a prominent financial services company, is planning an aggressive comeback into the cryptocurrency market, driven by the easing of federal regulations under the Trump administration. The company had previously exited the digital asset space in 2023 due to regulatory pressures but is now poised to re-enter with a comprehensive strategy.

CEO Anthony Noto confirmed the company's plans, citing a "fundamental shift" in the regulatory environment as the primary reason for their renewed interest. SoFi had previously offered over 20 cryptocurrencies but had to halt services to secure its bank charter. The recent guidance from the Office of the Comptroller of the Currency has provided a clearer path for banks operating in the digital asset space, allowing SoFi to consider a swift return to crypto investing by the end of the year.

Noto revealed that SoFi's ambitions extend beyond simply relaunching crypto trading. The company aims to integrate blockchain technology across its core offerings within the next two years. This includes exploring crypto-based payment solutions and lending services backed by digital assets, marking a significant strategic pivot into the blockchain ecosystem. Noto emphasized that SoFi's aspirations for blockchain technology are as broad as for any other product, with plans to leverage the technology across lending, savings, spending, investing, and protecting.

SoFi is also considering innovative offerings such as crypto-backed loans and payment solutions tied to users’ digital holdings, indicating a deeper commitment to the sector. This renewed push comes at a time when the broader crypto market is experiencing a measured cooling, with the global market cap sitting at $2.92 trillion following a modest dip. Despite the pullback, the market's steady tone suggests resilience, with traders remaining composed and the absence of mass profit-taking hinting at growing confidence and sustained demand. This backdrop provides a promising environment for SoFi's crypto ambitions.

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Current_Attention_92
05/01
$SOFI check this out: https://youtu.be/crEH-21h3jM?si=ucp_oKSLFdKuOVpX
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ADropinInfinity
05/01
$SOFI still expanding 6 profitable quarters! Boosted outlook! Who sells a growing company that forecasts more growth and profits
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MonstarGaming
05/01
@ADropinInfinity Why sell $SOFI? It's a bull run.
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ccooddeerr
05/01
$SOFI they'll wear you down with this one. Seen it before, company crushes quarters with no stock movement. It'll jump out of nowhere
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UpbeatBase7935
05/01
@ccooddeerr Think $SOFI's got catalysts?
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DGlatt6969
05/01
$SOFI keeps sending me emails about getting a low-interest loan up to 250k 😆
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VegasInvestor702
05/01
SoFi's crypto comeback is like Han Solo returning from the dead—unexpected but welcomed. The market's cooled, but they're here to ride the blockchain wave. May the crypto force be with them!
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Ironman650
05/01
Damn!!the block option data in SOFI stock saved me much money!
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gwoers
05/01
@Ironman650 How long you been holding SOFI stock? What’s your avg buy-in?
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