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The Fed rescinded prior guidance that discouraged banks from engaging in crypto or stablecoin activities.
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Banks are no longer required to pre-notify crypto-related activities.
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Crypto community welcomes the shift, viewing it as a positive regulatory development.
Fed Withdraws Anti-Crypto Guidance
The Federal Reserve officially withdrew previous guidance discouraging U.S. banks from participating in crypto activities. Banks no longer need to pre-notify regulators when launching crypto-related services.
Part of a Broader Shift
The decision is part of a wider rollback alongside the FDIC and OCC, reversing earlier warnings about crypto fraud risks. The Fed will monitor crypto activities through standard supervisory processes going forward.
Crypto Community Reacts
Industry figures, including Michael Saylor, hailed the move as a significant step toward integrating Bitcoin and crypto into traditional banking systems.
