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Federal Reserve Eases Crypto Partnership Rules for Banks
Federal Reserve Eases Crypto Partnership Rules for Banks
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The US Federal Reserve has rescinded key directives that previously restricted banks’ involvement with cryptocurrency and dollar-pegged tokens, according to an April 24 statement. The move eliminates a 2022 requirement forcing banks to notify regulators before engaging in crypto activities—now subject only to standard supervisory oversight.
Notably, the Fed also revoked its 2023 mandate for state member banks to undergo a non-objection process when handling dollar tokens. That rule had compelled institutions to prove robust risk management infrastructure prior to crypto ventures. Regulatory barriers are crumbling just as institutional demand for digital asset exposure reaches new highs.
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