25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member banks to provide advance notification of planned or ongoing crypto-asset activities. The decision marks a significant shift in how the Federal Reserve oversees financial institutions engaging in cryptocurrency and stablecoin-related operations.
According to the statement, any activities involving crypto assets will now be monitored through the Federal Reserve’s standard supervisory processes instead of under the specific guidelines introduced in 2022. The 2023 supervisory letter, which had placed restrictions on how state banks could participate in stablecoin activities, has also been rescinded.
This change reflects a broader move to integrate crypto-related oversight into the Federal Reserve’s normal regulatory framework, rather than treating these activities as exceptions requiring distinct procedures.