Fed Ends Crypto Oversight Program as US Regulatory Landscape Evolves

The U.S. Federal Reserve (Fed) has ended its special program for monitoring banking activities related to cryptocurrencies and fintech. Launched in August 2023, the initiative evaluated the risks banks faced when working with companies in these areas, but now insights gained will be incorporated into standard bank supervision processes. This shift reflects a change in US regulatory approach, as opposed to a loosening of overall requirements.