Fed Ends Special Oversight of Banks’ Crypto Activities
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BTCCSquare news:
The Federal Reserve has discontinued its dedicated supervisory program for banks engaging in cryptocurrency services, marking a shift toward mainstream regulatory integration. The program, established in 2023, required banks to notify the Fed and adhere to stringent guidelines when participating in crypto-related activities like custody, stablecoin issuance, or tokenization.
"The Board has enhanced its understanding of crypto risks and bank risk management practices," the Fed stated, justifying the program's termination. Novel activities will now fall under routine supervision rather than specialized scrutiny—a move signaling growing institutional comfort with digital assets.
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