According to BlockBeats, the Federal Reserve announced on Friday the termination of the 'new activities' supervision program. This step represents a return to standard regulatory procedures for overseeing new commercial activities of banks.
Since the program began, which focused on cryptocurrency operations and specific financial technologies within banks, the Federal Reserve has gained a deeper understanding of these activities, the associated risks, and banks' risk management practices. This knowledge will now be integrated into the regular regulatory framework, resulting in the withdrawal of the 2023 supervisory message that established the program.