This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The Federal Reserve has announced the discontinuation of its ‘novel activities supervision programme,’ a framework established in 2023 to oversee banks involved in crypto-related services. This move signals a broader shift in regulatory approach towards digital assets under the current administration.
- The Fed's crypto supervision program, launched in 2023, will be discontinued as it has achieved its risk-assessment goals.
- Regulatory easing includes the SEC closing investigations into crypto firms and Treasury supporting a national crypto reserve.
- Treasury Secretary Bessent calls for aggressive Fed rate cuts, starting with a 50 basis point reduction in September.
📎 Related coverage from: coincodecap.com