⚡ Event Overview
On August 15, 2025, U.S. time, the Federal Reserve (The Fed) officially announced that it would dissolve its special task force established for overseeing cryptocurrency and digital asset issues, with its functions being integrated into the existing banking regulatory department of the Fed.

🔍 Core Interpretation
This move does not represent a relaxation of regulation, but rather a symbolic strategic shift. It conveys two core signals:

  1. From 'special' to 'regular': This indicates that in the eyes of the Federal Reserve, cryptocurrency assets are no longer 'marginal matters' that require a special team for isolated study, but are being formally included in the macro framework of traditional financial regulation. This marks a significant step forward in the 'mainstreaming' process of cryptocurrency assets at the regulatory level.

  2. Integrated regulatory trend: By incorporating cryptocurrency regulatory functions into the traditional banking regulatory system, the Fed aims to eliminate the 'island effect' of regulation and to examine systemic risks brought by stablecoins and digital assets held by banks from a more unified and comprehensive perspective.

👀 Follow-up Observation
This decision is a double-edged sword in the maturity of cryptocurrency regulation. On one hand, it reduces the uncertainty arising from an unclear regulatory framework; but on the other hand, it raises concerns in the market about whether 'non-professionals' can effectively regulate this innovative field. The key focus moving forward will be:

  • Other regulatory agencies' movements: Will the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) follow suit and integrate their internal cryptocurrency task forces as well?

  • Granularity of regulation: After being incorporated into traditional departments, will future regulatory rules become more 'one-size-fits-all,' or will there be an understanding and respect for the unique nature of cryptocurrency technology? This is worth close attention from the market.


The dissolution of the Fed's cryptocurrency task force signifies that cryptocurrency assets are being formally 'integrated' into the mainstream financial regulatory system. Do you think this is a significant benefit for the industry toward maturity and reducing uncertainty, or is it the beginning of a risk led by 'outsiders' in regulation?

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