The United States Federal Reserve announced the revocation of guidelines that had discouraged banks from engaging with digital assets.
According to the statement, the regulator will no longer require financial institutions to provide advance notice of plans or current operations involving cryptocurrencies.
Any actions related to digital assets will be monitored as part of the Fed’s regular supervisory process.
This decision also affects the 2023 guidance concerning stablecoins. Initially, the document indicated that such assets posed risks to the country’s financial stability.
The Fed, FDIC and OCC have also withdrawn two 2023 recommendations that warned against fraud related to digital assets. The rescinded joint statements noted that unclear or misleading data from crypto companies could harm both private and institutional investors.
Back in January 2025, the U.S. Securities and Exchange Commission opened the way for banks to hold digital assets.
In March, the FDIC permitted supervised financial institutions to conduct “crypto-related activities” without the need for prior agency approval.