The Federal Reserve Board recently announced the withdrawal of its guidance on banks' crypto-asset and dollar token activities. This decision allows banks to operate more flexibly without complex notification requirements. The Federal Reserve will now monitor these activities through its regular supervisory process. This move encourages innovation while ensuring proper oversight. The Federal Reserve will continue to consider providing new guidance to support further innovation in the banking sector.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm