🚨 FED RELAXES REGULATIONS FOR BANKS IN CRYPTO ACTIVITIES 🚨

Today, April 24, 2025, the Federal Reserve of the United States (FED) announced the withdrawal of previous guidelines that required banks to notify or obtain approval before engaging in activities related to cryptocurrencies. This decision aligns with similar actions recently taken by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), marking a significant shift in the regulatory approach towards banking activities with cryptocurrencies in the U.S.

With this change, banks no longer need prior approval to participate in activities involving cryptocurrencies. Instead, these activities will be overseen within regular banking supervision processes.

This easing of regulations aims to support financial innovation, including activities with cryptocurrencies, while maintaining the safety and soundness of the banking system.

This measure reflects a more favorable stance towards innovation by the current administration, seeking to balance the encouragement of technological development with the need for proper oversight.