FED Chair Jerome Powell emphasized that any adjustment of crypto-related banking guidance toward a less strict approach would aim to foster responsible innovation while preserving financial stability and protecting consumers from unforeseen risks

Event date

Apr 16, 2025 - 12:00am

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Powell also addressed the Federal Reserve’s stance on crypto-related banking activity. He acknowledged that US bank regulators, including the Fed, had taken a conservative approach in issuing guidance on how banks should manage exposure to digital assets. However, he stated that some of this guidance may be relaxed to accommodate responsible innovation, provided consumer protections and financial safety remain intact