No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Fed rescinds crypto guidance for banks in bid to streamline oversight and support innovation

by TheAdviserMagazine
6 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Fed rescinds crypto guidance for banks in bid to streamline oversight and support innovation
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

The Fed formally withdrew key guidance that governs how state member banks must handle crypto and stablecoin activities.
Regulatory bodies are collaborating to support innovation in crypto-asset activities while ensuring risk management.

Share this article

The Federal Reserve Board announced Thursday that it is withdrawing key supervisory guidance on crypto and stablecoin activities for state member banks, streamlining oversight to support innovation while maintaining safety standards.

The first guidance document, released in August 2022, aimed to mitigate novel risks arising from the rapidly growing crypto sector. It required state member banks to notify the central bank before initiating or continuing crypto-asset-related activities.

Following the 2022 guidance, in February 2023, the Fed issued a new letter outlining a supervisory non-objection process for banks considering engaging in activities involving stablecoins.

Banks were required to receive written confirmation from the Fed before initiating such activities and to demonstrate adequate systems and controls to manage operational, cybersecurity, liquidity, compliance, and consumer protection risks.

The Fed’s decision to retract the guidance means banks are no longer required to provide advance notification or seek supervisory non-objection before engaging in crypto-asset and stablecoin activities. These activities are now monitored through the central bank’s standard supervisory process.

The Fed, alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), also revoked two joint statements issued in 2023 addressing risks in banks’ crypto activities.

In withdrawing these requirements, the Fed has signaled a willingness to adapt its regulatory approach. The Board pledged to continue working with other agencies to determine whether additional guidance is needed to support financial system innovation.

Federal regulators scale back crypto restrictions for banks amid policy shift

Key federal banking regulators have rolled back oversight mechanisms on crypto banking activities, falling in line with President Trump’s promise to dismantle “Operation Choke Point 2.0“—a Biden-era initiative that, according to critics, discouraged banks from servicing crypto firms through restrictive guidance.

Since Trump’s return to the White House, agencies formerly associated with the program, including the FDIC and OCC, have taken steps to ease regulatory barriers.

Late last month, the FDIC announced that insured banks would no longer need prior approval to engage in legally permissible crypto-related activities.

Simultaneously, the OCC declared that it would cease evaluating national banks for “reputation risk” when reviewing crypto-related engagements.

The move addresses longstanding industry criticism that those assessments unfairly stigmatized digital asset firms and hindered their access to banking services.

Share this article

Follow on Google News



Source link

Tags: banksbidCryptoFedguidanceInnovationOversightrescindsStreamlineSupport
ShareTweetShare
Previous Post

Asian stocks: Asian stocks rise on Fed rate-cut hopes, Alphabet solid earnings

Next Post

How You Can Habituate the Circular Model of Reflection: Before-Action, During-Action, After-Action, and Beyond-Action – Faculty Focus

Related Posts

edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

by TheAdviserMagazine
October 24, 2025
0

We audit popular gold tokens against five trust tests, then compare them with BTC ETFs and native BTC settlement.Binance founder...

edit post
Hyperliquid Price Breaks Key Resistance as B Fundraising and IPO Plans Gain Traction

Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

by TheAdviserMagazine
October 24, 2025
0

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above...

edit post
US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

by TheAdviserMagazine
October 23, 2025
0

Real U.S. dollars are officially going on-chain as Uphold, Vast Bank, and USBC Inc. unveil a regulated, blockchain-based deposit system...

edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

by TheAdviserMagazine
October 23, 2025
0

Kraken reported $648 million in revenue for the third quarter of 2025, up 114% from a year earlier, which the...

edit post
SBI-Owned B2C2 Announces Zero-Fee Stablecoin Swap Platform for Institutions

SBI-Owned B2C2 Announces Zero-Fee Stablecoin Swap Platform for Institutions

by TheAdviserMagazine
October 23, 2025
0

B2C2, the institutional crypto liquidity provider acquired by Japanese SBI, has launched a new platform designed to simplify cross-chain stablecoin...

edit post
Glassnode identifies concentrated Bitcoin selling amid market consolidation

Glassnode identifies concentrated Bitcoin selling amid market consolidation

by TheAdviserMagazine
October 23, 2025
0

Key Takeaways According to Glassnode, the market is in a phase of consolidation. Net-premium flows show concentrated selling between $109,000...

Next Post
edit post
How You Can Habituate the Circular Model of Reflection: Before-Action, During-Action, After-Action, and Beyond-Action – Faculty Focus

How You Can Habituate the Circular Model of Reflection: Before-Action, During-Action, After-Action, and Beyond-Action - Faculty Focus

edit post
Meet Schwab’s Successor – Peter Brabeck-Letmathe

Meet Schwab’s Successor – Peter Brabeck-Letmathe

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
2025 List Of All 177 Financial Sector Stocks From Big Sector ETFs

2025 List Of All 177 Financial Sector Stocks From Big Sector ETFs

0
edit post
The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

0
edit post
Five airlines to resume Israel flights next week

Five airlines to resume Israel flights next week

0
edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

0
edit post
7 Overlooked Pairings of VA + Medicare That Slash Out-of-Pocket Costs

7 Overlooked Pairings of VA + Medicare That Slash Out-of-Pocket Costs

0
edit post
Amazon LEGO Set Deals: LEGO Sunflowers Set only .99, plus more!

Amazon LEGO Set Deals: LEGO Sunflowers Set only $7.99, plus more!

0
edit post
The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

October 24, 2025
edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

October 24, 2025
edit post
Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

October 24, 2025
edit post
Comprehensive Sodium-Ion Battery Market Analysis: Demand Forecast

Comprehensive Sodium-Ion Battery Market Analysis: Demand Forecast

October 24, 2025
edit post
Alnylam Pharmaceuticals – ALNY: Volkskrankheit Bluthochdruck im Visier!

Alnylam Pharmaceuticals – ALNY: Volkskrankheit Bluthochdruck im Visier!

October 24, 2025
edit post
China strikes conciliatory tone ahead of expected Trump-Xi meeting

China strikes conciliatory tone ahead of expected Trump-Xi meeting

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The Myth of the “Robber Barons”: James Hill versus the Crony Competitors
  • If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?
  • Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.