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Fed Eases Crypto Restrictions for Banks, Signaling Regulatory Shift
Fed Eases Crypto Restrictions for Banks, Signaling Regulatory Shift
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The U.S. Federal Reserve has dismantled a key barrier to institutional crypto adoption, rescinding its 2022 mandate requiring banks to seek approval for digital asset activities. This policy reversal eliminates advance notification requirements for state member banks engaging with cryptocurrencies or stablecoins.
Regulatory oversight will now occur through standard supervisory channels rather than pre-engagement scrutiny. The April 24 decision reflects growing institutional acceptance of digital assets, potentially accelerating mainstream financial participation in crypto markets.
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