In a major policy shift, the Federal Reserve has announced that banks under its jurisdiction no longer need prior approval to engage in crypto and stablecoin-related activities. This move signals a clear green light for deeper institutional involvement in the digital asset space.

🔓 2022 Restrictions? Cancelled.

The U.S. central bank officially scrapped its 2022 supervisory letter, which previously required banks to seek special permissions before entering the crypto industry. This change comes amid a broader shift in how the U.S. views crypto regulation — favoring innovation over excessive oversight.

💵 Stablecoins No Longer Under Tight Scrutiny

Alongside the crypto pivot, the Fed is also withdrawing its 2023 guidance on dollar-backed stablecoins, making it easier for banks to participate in USD token operations without jumping through regulatory hoops.

“We are rescinding the 2023 letter related to the non-objection process for state banks engaging with dollar tokens,” the Fed said in an official statement.

🤝 Coordination with Agencies: New Rules May Follow

The central bank emphasized it is now working with other key regulators to determine if new, streamlined crypto guidelines are needed. The ultimate goal? Foster innovation in digital finance while maintaining appropriate market safeguards.

🏛️ Regulation Reboot: SEC, OCC, FDIC Also Softening

The Fed isn’t alone. The OCC (Office of the Comptroller of the Currency) has also greenlit banks to engage in crypto activities. Meanwhile, the SEC, under new leadership, has begun dropping lawsuits, including the high-profile Ripple case, which the regulator recently closed after a multi-year battle.

Other giants like Coinbase, Uniswap, and Kraken have also seen their legal pressures ease. And the new SEC Chair Paul Atkins has publicly declared that Bitcoin will be a top focus going forward.

🚫 End of “Operation Chokepoint 2.0”

Just a year ago, crypto firms were under siege from what became known as Operation Chokepoint 2.0 — a strategy seen as an attempt to suffocate innovation in crypto. Coinbase is even suing under FOIA to uncover how deep the government’s involvement was.

Now? The narrative is changing. Both the President and prominent crypto advocates like David Sacks are calling for a reset and revitalization of the U.S. crypto ecosystem.

🔚 In Summary: Crypto Gets the Green Light

The Fed’s move is more than just regulatory housekeeping — it’s a strategic shift. U.S. banks can now engage in digital asset activities without the same fear of oversight, and future rules will likely be crafted in collaboration with the industry itself.

This marks the beginning of a new era for crypto in America.

#FederalReserve , #CryptoRegulation , #CryptoNewss , #Stablecoins , #DigitalAssets

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“