According to Mars Finance, on April 26, The Federal Reserve (FED) announced three major policy adjustments on Thursday:
1️⃣ The immediate repeal of the 2022 regulatory letter requiring banks to report cryptocurrency activities in advance, replaced by regular regulatory monitoring.
2️⃣ Cancel the “no objection” approval process for the USD token business launched in 2023
3️⃣ Joint statement by the FDIC and OCC to revoke the two joint policy statements on cryptocurrency business in 2023
This move marks a new phase in cryptocurrency regulation for the U.S. banking industry:
The regulatory framework and risk evolution are updated synchronously.
The banking system innovation has received policy support.
New guidelines for cryptocurrency business may be introduced in the future.
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