Fed Removes Banking Barrier for Crypto, Fulfilling Trump’s Campaign Promise
The Federal Reserve has eliminated a key regulatory hurdle for banks entering the cryptocurrency space, marking a significant policy reversal. As of April 24, financial institutions no longer need to provide advance notice before engaging in crypto or stablecoin-related activities—though standard supervisory frameworks remain in place.
This move delivers on President Trump’s pledge to foster a more crypto-friendly regulatory environment in the United States. The Fed becomes the third major banking regulator to withdraw restrictive guidance, effectively greenlighting bank participation in compliant blockchain ventures.