The Federal Reserve is becoming increasingly lenient towards cryptocurrencies!

【The Federal Reserve Will Cancel Plans to Specifically Regulate Banks' Cryptocurrency and Fintech Activities】Golden Finance reported that the Federal Reserve announced on Friday that it will cancel a so-called 'novel activities' regulatory plan, which was intended to specifically regulate banks' cryptocurrency and fintech activities. Instead, these activities will be incorporated into its regular bank supervision. The Federal Reserve launched this new plan in 2023 to focus on how banks interact with these emerging technologies. However, the Federal Reserve stated that such measures are no longer necessary, as it has already enhanced its understanding of these risks and how banks manage them.