From Yahoo Finance: 2025-04-24 18:38:00

The Federal Reserve, along with other U.S. banking regulators, has removed previous crypto guidance, allowing banks to make their own decisions regarding crypto activities without pre-approvals. The move follows the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. in reversing previous policies, awaiting new laws from Congress for industry regulation.

The Fed’s decision to delete four pieces of crypto guidance from 2022 and 2023 aims to align expectations with evolving risks and support innovation in the banking system. The agency will now monitor banks’ crypto-asset activities through regular supervisory processes, highlighting the risks posed by the sector to financial institutions.

Banking supervision of state member banks is a crucial role for the Fed, which typically focuses on monetary policy. The agency’s shift towards monitoring crypto activities through normal supervisory processes reflects a broader trend in the industry as regulators grapple with the challenges and opportunities presented by digital assets.



Read more at Yahoo Finance: Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks