According to a CNBC report from Foresight News, SoFi's CEO Anthony Noto stated that after a "fundamental transformation" in the regulatory environment during the Trump administration, SoFi plans to actively enter the cryptocurrency field. He said, "We will re-enter the business that allows members to invest in cryptocurrencies. This time, we actually hope to make a larger and more comprehensive push in the cryptocurrency field, including truly offering crypto or blockchain features in every product area we own." Noto stated that unless unforeseen circumstances arise, SoFi should be able to provide cryptocurrency investment services by the end of the year.
Previously, as part of becoming a regulated bank, SoFi was forced to abandon cryptocurrency investments by the end of 2023.
