US bank regulators pull back guardrails on bank crypto activities
ReutersApr 24, 2025 9:30 PM
WASHINGTON, April 24 (Reuters) - U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities.
The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities.
In addition, the Fed joined the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency in withdrawing a pair of 2023 statements urging banks to be vigilant around crypto-related risks, the latest move by the Trump administration to strike a more crypto-friendly stance.
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