The U.S. Federal Reserve has recently made headlines by disbanding its specialist group that was tasked with overseeing crypto issues. This decision marks a transformative moment in the realm of digital asset regulation in the United States. Most importantly, this move signifies the closure of the “novel activities” supervision program which had monitored interactions between traditional banks and emerging crypto technologies over the past two years. Because the Fed now integrates crypto oversight into its standard regulatory framework, this change reflects the central bank’s growing confidence in its understanding of digital asset risks and opportunities
