The Federal Reserve System of the United States (FRS) announced the conclusion of enforced measures against Farmington State Bank, a bank previously associated with the bankrupt cryptocurrency exchange FTX. These measures were imposed in July 2023, after which Farmington Bank ceased its operations and no longer functions as a banking institution. The FRS also ceased actions against the holding company FBH Corporation, which was linked to Farmington.

Farmington State Bank, formerly known as Moonstone, received around $11.5 million from Alameda Research, a subsidiary of FTX, through FBH Corporation in March 2022. In August 2023, the FRS decided on enforced measures aimed at winding down the bank's operations and protecting its depositors. After the collapse of FTX in November 2022, Farmington announced its intention to exit the cryptocurrency sector and return to its original mission as a community bank. FTX and Alameda were not mentioned in the official statements by the FRS.

On January 31, the FRS announced that interest rates would remain at 5.25-5.50%. These statements by the FRS sometimes affect the dynamics of prices in the cryptocurrency market, including Bitcoin.