#美联储取消创新活动监管计划 The Federal Reserve announced on August 15, 2025, the cancellation of the "New Activity Supervision Program" established in 2023. This program was originally intended to strengthen oversight of banks' cryptocurrency and fintech activities, following the backdrop of the closures of three banks related to the cryptocurrency industry, including Silicon Valley Bank, in 2023. This move reflects the Federal Reserve's deeper understanding of the associated risks and its decision to integrate regulation into regular processes, simplifying banks' compliance requirements. This aligns with the recent trend of U.S. regulatory agencies relaxing oversight of the cryptocurrency industry, such as the April withdrawal of guidelines requiring prior approval for new cryptocurrency businesses. Easing regulation may reduce banks' operational costs and encourage more institutions to participate in cryptocurrency activities, which would benefit the development of the cryptocurrency industry. However, core regulatory principles such as anti-money laundering and consumer protection remain unchanged, indicating that regulation still maintains a degree of caution. The market's expectation for a rate cut by the Federal Reserve in September is high (92%), which may further stimulate the cryptocurrency market.
