Federal Reserve Ends Special Crypto Oversight Program, Moves Digital Asset Supervision Back to Standard Process
The Federal Reserve officially shut down its special crypto monitoring team on August 15, 2025. The central bank will now handle digital asset oversight through its regular banking supervision process.
The Novel Activities Supervision Program lasted just two years. The Fed created it in August 2023 to watch banks that work with crypto companies and blockchain technology.
“Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices,” the Fed said in its announcement.
What the Program Did
The special program kept close watch on four main areas of banking:
Crypto-related services –…
