US Edition
Fed to Scrap Program Devoted to Policing Banks on Crypto, Fintech Activities
The Federal Reserve ended its two-year crypto-focused oversight program, citing improved understanding of risks and shifting crypto banking supervision to standard regulatory processes.
- On Friday, the Federal Reserve Board announced it will sunset its Novel Activities Supervision Program and revert to routine oversight.
- Since President Donald Trump’s second term began, the Fed has moved in step with the OCC and FDIC in relaxing digital assets scrutiny, as announced on Friday.
- In April, the Fed withdrew its crypto guidance that required bank approvals before new activity, and the original program guidance will be withdrawn.
- Market reaction appears highly bullish as crypto firms view the move as positive, despite President Donald Trump’s criticism of 'Operation Chokepoint 2.0'.
- Broader regulatory trend shows that in July, the Fed, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corp. relaxed crypto constraints, emphasizing ongoing industry-wide deregulation.
29 Articles
29 Articles
Fed to scrap program devoted to policing banks on crypto, fintech activities
The Federal Reserve announced on Friday it was scrapping a so-called “novel activities” supervision program it created to specifically police banks on their crypto and fintech activities, and instead will integrate that work into its regular bank oversight.Read MoreThe post Fed to scrap program devoted to policing banks on crypto, fintech activities first appeared on The Who Dat Daily.
US Fed to scrap banking supervision program of oversight into crypto, fintech activities — Details here
The US Federal Reserve decided to scrap its banking supervision program of oversight into crypto and fintech activities on 15 August 2025. The central bank has not integrated the work of the programme into its regular bank oversight.
Fed to End Program That Stepped Up Bank-Crypto Scrutiny
The Federal Reserve said it will wind down a Biden-era initiative that was designed to step up scrutiny of lenders’ involvement in digital assets, building on recent moves from US regulators to embrace the crypto industry.
After several years of reinforced prudence, the US Federal Reserve changes course with regard to the crypto activities of banks. The institution terminates its specific supervision program. It considers, in fact, that the risks related to digital assets are now better understood and manageable in the classical framework of supervision. The Fed lightens its control over the banks active in the crypto has appeared first on Cointribune.
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