Crypto rules for banks

The Federal Reserve has withdrawn key supervisory guidance from 2022 and 2023 regarding crypto-asset and dollar token activities by U.S. state member banks. Banks are no longer required to notify or seek non-objection before engaging in such activities, which will now be monitored through regular supervisory processes. In coordination with the FDIC and OCC, the Fed also withdrew from joint statements on crypto exposures. The move reflects a shift toward a more adaptive, innovation-driven regulatory approach amid evolving technological and financial risks.