# FED announces the withdrawal of guidance for banks related to their crypto-asset

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm
Kiwi News: https://news.kiwistand.com/stories/FED-announces-the-withdrawal-of-guidance-for-banks-related-to-their-crypto-asset?index=0x680b44407944937fdce8c5cade4471e00019a065b7b7cec443be1465d11d45f55703a610
Submitted by macbudkowski.eth on 2025-04-25 UTC, 1 upvote, 1 comment

## Summary

The Federal Reserve Board announced on April 24, 2025 that it is withdrawing guidance for banks on crypto-asset and dollar token activities, along with related changes to its expectations for those activities. It is rescinding its 2022 supervisory letter that expected state member banks to give advance notification of planned or current crypto-asset activities, and it will instead monitor these activities through the normal supervisory process. The Board is also rescinding its 2023 supervisory letter on the supervisory nonobjection process for state member bank engagement in dollar token activities. Together with the FDIC, it is withdrawing from two 2023 joint statements by federal bank regulatory agencies on banks' crypto-asset activities and exposures, and it will work with the agencies on whether additional guidance is appropriate.

## Article

April 24, 2025

Federal Reserve Board announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities

For release at 5:30 p.m. EDT

The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities. These actions ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system.

The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities. As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process.

The Board is also rescinding its 2023 supervisory letter regarding the supervisory nonobjection process for state member bank engagement in dollar token activities.

Finally, the Board, together with the Federal Deposit Insurance Corporation is joining the Office of the Comptroller of the Currency in withdrawing from two 2023 statements jointly issued by the federal bank regulatory agencies regarding banks' crypto-asset activities and exposures. The Board will work with the agencies to consider whether additional guidance to support innovation, including crypto-asset activities, is appropriate.

For media inquiries, please email [email protected] or call 202-452-2955.

Last Update: April 24, 2025

## Comments

**macbudkowski.eth**: Looks very bullish for banks integrating crypto