On April 24, 2025, the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) simultaneously withdrew their previous warnings about the risks of cryptocurrency activities to banks. This marks a significant shift in the regulatory stance towards financial services related to cryptocurrency in the United States, as the current administration aims to promote innovation in the financial sector.

Previously, in 2022 and 2023, these agencies had issued guidance warning about volatility, regulatory uncertainties, and risks of digital assets, requiring banks to seek approval before engaging in cryptocurrency projects. With the new change, financial institutions can now engage in cryptocurrency activities without prior regulatory approval, subject to standard oversight processes.