US Federal Reserve Lifts Restrictions on Bank Crypto Activity

The US Federal Reserve has significantly relaxed its stance on cryptocurrency by removing regulatory barriers that previously limited bank involvement. In a recent statement, the Fed announced it will discontinue the 2022 and 2023 supervisory letters, which forced banks to seek permission before engaging in crypto services or stablecoins operations. This marks a pivotal shift towards greater acceptance of cryptocurrencies within the banking system. The Fed’s announcement on April 24th, 2025, indicates this change is part of a broader effort by the country to embrace cryptocurrency.