🔥The Federal Reserve Ends the 'Special Cryptocurrency Regulation' Plan, Integrating into Regular Regulatory Framework
On August 15, 2025, the Federal Reserve announced the official closure of the 'New Activity Regulatory Program' established in 2023, which was originally dedicated to overseeing banks' cryptocurrency, stablecoin, and blockchain-related activities. After two years of accumulated experience, the Federal Reserve stated that it has fully understood the related risks and banking risk management practices; therefore, such work will be integrated into the regular regulatory process, and the initial special letter will be revoked. This move aligns with the direction of the OCC and FDIC, indicating that U.S. regulatory agencies are gradually easing special restrictions on cryptocurrency businesses, and interactions between banks and the cryptocurrency sector will be smoother within a regular framework in the future.
