{"id":23690,"date":"2025-04-25T05:50:51","date_gmt":"2025-04-25T05:50:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23690"},"modified":"2025-04-25T05:50:51","modified_gmt":"2025-04-25T05:50:51","slug":"fed-drops-crypto-restrictions-for-banks-opening-doors-to-digital-assets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23690","title":{"rendered":"Fed Drops Crypto Restrictions for Banks, Opening Doors to Digital Assets"},"content":{"rendered":"
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In a surprise twist <\/span>that\u2019s<\/span> got<\/span> crypto watchers buzzing, the U.S. Federal Reserve just scrapped its prior rules<\/a> that forced banks to jump through extra hoops before touching anything crypto-related. <\/span>Up until<\/span> now, banks had to get special permission from the Fed before engaging in any digital asset or stablecoin activity. <\/span>That\u2019s<\/span> no longer the case.<\/span><\/p>\n

This shift <\/span>brings the Fed in line<\/span> with the FDIC and the OCC, both of which <\/span>already<\/span> dropped similar rules earlier this year.<\/span> In short, the three top banking regulators in the country are now moving toward a more unified, less hand-holding approach <\/span>when it comes to<\/span> how banks handle crypto.<\/span><\/p>\n

\"Federal
Crypto guidance for banks released in 2022 and 2023 by the Federal Reserve has now been withdrawn. Source: Federal Reserve<\/figcaption><\/figure>\n

Back in <\/span>2022<\/a> and 2023<\/a>, the Fed had rolled out strict supervisory letters, <\/span>largely<\/span> as a reaction to the chaos unfolding across the crypto world. Big firms were collapsing, liquidity was drying up, and regulators were trying to plug holes in <\/span>real time<\/span>. <\/span>Those letters required banks to get <\/span>what\u2019s<\/span> called a<\/span> \u201c<\/span>supervisory non-objection.<\/span>\u201d<\/span> Basically, a thumbs-up from the Fed, before getting involved with digital assets.<\/span><\/p>\n

Now those letters are in the shredder.<\/span><\/p>\n

What This Means for Banks<\/span><\/strong><\/h2>\n

So what changes for banks? Quite a bit<\/span>, actually<\/span>.<\/span><\/p>\n

Banks supervised by the Fed can now move into crypto or stablecoin services without <\/span>asking for<\/span> pre-approval. That <\/span>doesn\u2019t<\/span> mean they can act recklessly<\/span>; <\/span>they\u2019re<\/span> still expected to operate within the <\/span>Fed\u2019s<\/span> broader oversight system, but the red tape is thinner now.<\/span><\/p>\n

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\"\ud83e\udd73\" The Federal Reserve just rescinded its regressive guidance that forced banks to beg for permission before using crypto tech. pic.twitter.com\/TxsRZYBxlN<\/a><\/p>\n

\u2014 CryptoLaw.avax\"\ud83d\udd3a\" (@RussellKlein) April 24, 2025<\/a><\/p>\n<\/blockquote>\n