Federal Reserve Eases Crypto Rules for U.S. Banks
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The U.S. Federal Reserve has rescinded its 2022 guidelines that mandated state-chartered banks to seek approval before engaging in cryptocurrency-related services. This regulatory pivot eliminates the advance notice requirement, integrating crypto activities into standard supervisory frameworks. The move reflects a broader institutional warming toward digital assets.
Stablecoins, particularly those pegged to the U.S. dollar, now face fewer restrictions. By aligning oversight with traditional banking protocols, the Fed signals a maturation in its approach to blockchain-based finance. market participants interpret this as a nod to the inevitability of crypto integration within mainstream financial systems.
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