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突然!美联储,重大宣布!
券商中国·2025-08-16 12:38

Core Viewpoint - The Federal Reserve has officially canceled the "Novel Activities Supervision Program," which was designed to regulate banks' activities in the cryptocurrency and fintech sectors, integrating this oversight into the standard banking regulatory framework [2][3]. Summary by Sections Federal Reserve's Announcement - On August 15, the Federal Reserve announced the closure of the "Novel Activities Supervision Program," which was established in 2023 to enhance the regulation of banks' cryptocurrency activities [3]. - The Federal Reserve Board stated that it has deepened its understanding of the risks associated with these activities and will now incorporate this knowledge into standard regulatory processes [3]. Background of the Program - The program was initiated in response to the 2023 banking crisis, which saw the collapse of three banks closely tied to the cryptocurrency industry: Silicon Valley Bank, Silvergate Bank, and Signature Bank [3]. - The aim was to closely monitor innovative and unverified technologies that could pose risks to the banking system [3]. Key Focus Areas of the Program - The program focused on areas such as cryptocurrency custody, loans collateralized by cryptocurrencies, assistance in digital asset trading, issuance of stablecoins and dollar tokens, and projects utilizing distributed ledger technology [4]. - The latest requirements simplify compliance processes for banks engaging in cryptocurrency activities, while core regulatory principles like anti-money laundering and consumer protection remain unchanged [4]. Regulatory Environment Shift - The Federal Reserve's actions reflect a broader trend of U.S. regulatory agencies becoming more accommodating towards the cryptocurrency industry [5]. - Since the Trump administration, there has been a push to position the U.S. as a "global cryptocurrency hub," with recent regulatory changes allowing banks to independently decide on engaging in cryptocurrency activities [5]. Federal Reserve Officials' Statements - Chicago Fed President Austan Goolsbee expressed uncertainty regarding interest rate cuts due to mixed inflation data and ongoing tariff uncertainties [6]. - Recent data showed a 0.9% month-over-month increase in the Producer Price Index (PPI) for July, driven primarily by service sector inflation, which rose by 1.1% [6]. - Market expectations indicate a 92% probability of a 25 basis point rate cut in September, with varying probabilities for subsequent cuts later in the year [7].