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2025-04-26 16:09:37

Fed Cancels Anti-Crypto Advisories to Banks

The US Federal Reserve System (Fed) has officially lifted a number of restrictions that prevented banks from working with digital assets. Now, institutions are not required to notify the regulator about their crypto plans in advance.

 Key changes: 

 Removal of Prior Notice for Crypto Activities

 Control will be carried out within the framework of general banking supervision

 2023 Recommendations on Stablecoins and Crypto Fraud Risks Withdrawn

 In 2023, the Fed, FDIC, and OCC issued joint warnings calling digital assets a potential threat to stability. Now these documents are officially recognized as irrelevant.

 Context:

In January 2025, the SEC allowed banks to store digital assets

In March, the FDIC opened access to crypto services without the need for separate approval

 All this signals a change in the course of US regulators towards easing pressure on the crypto sector.

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