The U.S. Federal Reserve has officially withdrawn its previously issued guidance from 2022 and 2023 that restricted banks from engaging in crypto and stablecoin-related activities without prior notice.
Going forward, such activities will be monitored through standard supervisory procedures, and the Fed will assess together with other regulators whether new guidance is needed to support innovation in this area.
This move has been welcomed positively by both the crypto community and the banking sector. Banks will no longer need to seek prior approval for crypto operations and can now operate under their internal compliance and governance frameworks.
Importantly, this shift is coordinated with other key regulators like the FDIC and OCC, signaling a broader regulatory alignment. Industry leaders, including MicroStrategy’s Michael Saylor, praised the decision, suggesting that banks may soon begin actively supporting Bitcoin. The Fed’s action is seen as a major step toward fostering financial innovation and integrating traditional banking with the crypto ecosystem.
