On April 24, 2025, the Federal Reserve of the USA announced the withdrawal of regulatory guidance on banks' cryptocurrency activities. This change is expected to be a step toward closer integration of crypto banks into the financial system.
Changes in Fed Policy
The Federal Reserve has revoked its previous guidance on crypto-assets and dollar tokens. This step aligns with actions from other regulatory bodies like the OCC and FDIC, streamlining the approach to cryptocurrency as part of mainstream finance.
Industry Reaction and Prospects
The withdrawal of guidance is positively received in the industry, with many experts considering it a significant development that could foster more active incorporation of cryptocurrencies into traditional financial structures. This is expected to promote innovation and potential economic growth.
Historical Context and Current Status
The revocation of the crypto guidance reflects a major shift from the stringent oversight that was in place since 2023, moving toward the acceptance of digital assets. As of April 27, 2025, Bitcoin is trading at $93,940.18 with a market cap of $1,865,353,328,360.
The Federal Reserve's withdrawal of guidance on cryptocurrencies opens new opportunities for integrating digital assets into the banking system, which could have serious implications for the financial market.
