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Fed Ends Special Crypto Oversight Program, Reverts to Standard Supervision
Fed Ends Special Crypto Oversight Program, Reverts to Standard Supervision
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BTCCSquare news:
The U.S. Federal Reserve is dismantling its Novel Activities Supervision Program, a dedicated framework launched in 2023 to monitor banks engaged in cryptocurrency, blockchain, and fintech partnerships. The initiative was designed to scrutinize emerging banking activities—including crypto custody, stablecoin issuance, and tokenized assets—as well as traditional banking services extended to crypto firms.
Regulators now claim sufficient understanding of associated risks and management practices. Crypto-related banking operations will fall under the Fed’s conventional supervisory process. "The Board has strengthened its comprehension of these activities and their risks," the Fed stated, signaling a maturation of institutional oversight.
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