The Federal Reserve said Thursday evening it will no longer obligate member banks to provide advanced notice of crypto and stablecoin-related ventures, and will instead monitor engagement with digital assets like it would any other banking activities.
The announcement comes weeks after parallel moves by the FDIC and Office of the Comptroller of the Currency, two other key federal banking regulators. Those agencies similarly clarified that banks are legally permitted to engage in crypto-related activities and no longer required to receive explicit permission from regulators to do so.
In January 2023, in the wake of FTX’s historic collapse, the three aforementioned agencies jointly issued guidance strongly discouraging American member…
Apr 25 2025
