Federal Reserve Drops Crypto Bank Notification Requirement

The Federal Reserve has lifted a 2022 policy requiring banks to notify regulators of their involvement in crypto activities, marking a significant shift in how the central bank will oversee these markets. The move, announced in Washington, D.C., on April 25, 2025, removes the pre-approval requirement that had previously limited bank participation in cryptocurrency markets. This change aligns with actions taken by the FDIC and OCC to remove similar restrictions.