The Federal Reserve (Fed) has ended its “new activities supervision program,” which was launched in 2023 to monitor banks’ activities related to cryptocurrencies and financial technologies. The Fed now plans to incorporate these learnings into its standard audit processes. A statement from the Fed highlighted that this program offered valuable insights about crypto assets, their risks, and banks’ risk management practices. This knowledge will be integrated into regular supervisory procedures. Furthermore, the program’s related 2023 audit letter has been revoked, signifying that crypto banking activities will now be assessed within the Fed’s established oversight framework. It is important to note this information does not constitute investment advice.