ФРС ослабила контроль за криптоактивами банков Fed Eases Control Over Banks Crypto Activities

The Board of Governors of the Federal Reserve System has announced the termination of its oversight program for new banking activities, including cryptocurrency transactions.

The regulator has completely revoked its 2023 letter that mandated financial institutions to obtain permission for operations involving stablecoins. This letter also required the implementation of risk management practices concerning cybersecurity, liquidity, consumer compliance, and the prevention of illicit financing.

The Fed will revert to monitoring activity through «standard procedures.»

«Since the initiation of the oversight program for specific banking activities related to cryptocurrencies and fintech, the board has strengthened its understanding of these activities, associated risks, and management practices,» stated the Federal Reserve.

This action continues the Federal Reserve’s easing of its policies towards digital assets. In April 2025, the regulator rescinded guidelines that required banks to notify them in advance about plans or ongoing operations with cryptocurrencies.

However, at that time, U.S. Senator and cryptocurrency advocate Cynthia Lummis remarked that the Federal Reserve’s actions do not indicate genuine regulatory progress. In her view, «the battle is far from over.»

It is worth noting that in January 2025, the U.S. Securities and Exchange Commission permitted banks to store digital assets.

In March, the Federal Deposit Insurance Corporation (FDIC) allowed supervised financial institutions to engage in «cryptocurrency-related activities» without needing prior approval from the agency.