Source: Bitcoin.com
Federal Reserve Withdraws Crypto-Asset Guidance, Easing Bank Restrictions.
The Federal Reserve has officially withdrawn its prior guidance that required banks to notify the Fed before engaging in crypto-asset activities. This move aligns with similar actions by the OCC and FDIC, allowing banks greater freedom to participate in cryptocurrencies without advance approval.
By removing these regulatory hurdles, the Fed aims to foster innovation and increase institutional involvement in the crypto market, benefiting assets like Bitcoin, Ethereum, and stablecoins. This shift signals a more supportive stance toward crypto banking partnerships and could boost market growth and innovation.
Reference: June 6, 2025
https://www.bitget.com/news/detail/12560604800461
Fed Wants Clear Rules for Crypto and New Tech.
On June 6, a top official at the Federal Reserve, Michelle Bowman, said the Fed will work to clear up confusing rules about cryptocurrencies and new technologies like AI.
She explained that unclear rules have made it hard for banks to try new ideas. To fix this, the Fed will:
Update or remove old rules that block progress
Talk more openly with banks about what’s allowed
Support safe innovation while still protecting the financial system
The goal is to help banks use new technology without being held back by outdated or unclear guidance.
Reference: June 7, 2025
https://news.bitcoin.com/fed-signals-end-to-ambiguous-crypto-rules-clearing-road-for-innovation/
