Fed Eases Crypto Guidelines for Banks, Signaling Regulatory Shift
The Federal Reserve has rescinded its 2022-2023 guidance requiring banks to seek pre-approval for crypto and stablecoin activities. This move reflects growing institutional acceptance of digital assets as they become increasingly integrated into mainstream finance.
Previously, banks faced mandatory notifications and supervisory review for crypto ventures. The Fed’s decision aligns oversight with evolving market realities, explicitly stating the change will "support innovation in the banking system." This regulatory pivot comes as stablecoins gain traction in payments and institutional crypto custody solutions proliferate.