Core Viewpoint - The Federal Reserve has announced the cessation of its "Novel Activities Supervision Program," which was aimed at enhancing the regulation of banks' cryptocurrency activities, reflecting a trend of regulatory relaxation in the U.S. cryptocurrency sector [1] Group 1: Regulatory Changes - The Federal Reserve's decision to stop the supervision program continues the trend of U.S. regulatory agencies easing regulations on the cryptocurrency industry [1] - In April, the Federal Reserve withdrew guidance requiring banks to obtain regulatory approval before engaging in new cryptocurrency activities [1] - Other federal banking regulators, including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have also adopted similar measures, allowing banks to independently decide whether to engage in cryptocurrency activities under existing risk management requirements [1]

Core Viewpoint - The Federal Reserve has announced the cessation of its "new activity supervision program" established in 2023, which included enhanced regulation of the banking sector's cryptocurrency activities, reflecting a trend of loosening regulations on the cryptocurrency industry in the U.S. [1] Group 1 - The Federal Reserve's decision to stop the supervision program aligns with recent actions by U.S. regulatory agencies to ease restrictions on cryptocurrency operations [1] - In April, the Federal Reserve withdrew guidance requiring banks to obtain regulatory approval before engaging in new cryptocurrency activities, allowing banks to make independent decisions under existing risk management requirements [1] - Other federal banking regulatory agencies, including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have adopted similar measures to permit banks to manage their cryptocurrency business autonomously [1]

Core Viewpoint - The Federal Reserve has announced the cessation of its "new activity supervision program" established in 2023, which included enhanced regulation of the banking sector's cryptocurrency activities, reflecting a trend of loosening regulatory oversight on the cryptocurrency industry in the U.S. [1] Group 1 - The Federal Reserve's decision to stop the new activity supervision program indicates a shift in regulatory approach towards the cryptocurrency sector [1] - In April, the Federal Reserve retracted guidelines requiring banks to obtain regulatory approval before engaging in new cryptocurrency activities, signaling a more permissive stance [1] - Other federal banking regulators, including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have adopted similar measures, allowing banks to independently decide on cryptocurrency business under existing risk management requirements [1]