The Federal Reserve’s recent decision to withdraw its guidance on crypto-asset activities has sent ripples across the financial and cryptocurrency sectors, especially among those who advocate for XRP and other altcoins. The Board rescinded supervisory letters from 2022 and 2023 that previously imposed strict requirements on state member banks involved in crypto-asset dealings. These limitations required pre-approval and non-objection from the Fed before any engagement with these assets, including dollar tokens. Now, this framework is being adjusted to a more flexible approach focusing on routine monitoring during regulatory oversight, which aligns with efforts to adapt regulation for evolving financial innovations while maintaining stability in the banking system.