Fed eases guidelines, Circle debuts CPN
Federal Reserve clears banks to offer crypto
The Federal Reserve Board announced that it had officially withdrawn its guidance letter for banks related to crypto assets and stablecoins. In 2022, the Federal Reserve Board issued the “Engagement in Crypto-Asset-Related Activities by Federal Reserve Supervised Banking Organizations” letter, telling banks they needed to get Fed approval before engaging in digital currency- or stablecoin-related activities.
Now that this guidance has been…
