U.S. trade groups seek fewer crypto constraints
These actions by regulators — including the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — came in response to previous recommendations from the industry. Now, the trade groups are calling for further efforts to facilitate the banks’ activities.
“The guidance that we highlighted in our prior letter stifled banks’ ability to engage in digital asset activities. … The agencies helpfully rescinded or withdrew multiple problematic interpretive letters, statements and other guidance documents over the past few weeks,” they said in the letter.
“But additional steps are needed for the U.S. to achieve a leadership position in digital assets and…
