🚨 Fed Ends Crypto & Fintech Oversight Program 🚨

The U.S. Federal Reserve has just scrapped its “novel activities” supervision program—the one launched in 2023 to keep a close watch on banks’ involvement with crypto and fintech.$LA

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🔍 Instead of running a separate unit, the Fed will now integrate crypto/fintech risk monitoring into regular bank oversight.

💡 Why? The central bank says it’s now confident it understands the risks, compliance needs, and how banks manage these technologies.

This move could signal a more streamlined regulatory approach—and maybe even a friendlier climate for crypto adoption in traditional finance.

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