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Federal Reserve by rescinding its 2022 and 2023 supervisory letters, eased concerns among some in the cryptocurrency industry that it would maintain a restrictive stance, as Fed board consists of four Democrats and three Republicans, and Fed chair Jerome Powell has shown determination to act independently of the President Trump policies
Federal Reserve after rescinding its 2022 supervisory letter, will monitor crypto and stablecoin-related activities through its standard supervisory process, treating them like any other banking activities
Federal Reserve’s decision to rescind its 2022 and 2023 supervisory letters comes weeks after parallel moves by the FDIC and the Office of the Comptroller of the Currency, which similarly clarified that banks may legally engage in crypto-related activities without needing explicit regulatory approval
Federal Reserve (FED) has rescinded its 2022 supervisory letter requiring state member banks to provide advance notice of planned or ongoing crypto-asset activities
Federal Reserve besides rescinding its 2022 supervisory letter about advance notification of crypto-asset activities, is also rescinding its 2023 supervisory letter that impacted banks' involvement in stablecoin activities due to previously cited risks related to financial stability, consumer protection, and illicit finance

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