Federal Reserve Withdraws Crypto-Unfriendly Banking Guidance

Decentralized Diaries for the Week of 4/28/25

The digital asset industry had a mix of innovation, government encouragement, and partnerships. Scams and the efforts of bad actors remained a significant concern. The headlines: Stripe wants a stablecoin; Nasdaq asked for further crypto clarity; Ripple Labs postponed its IPO; According to the FBI, American residents lost $9 billion to crypto scams last year; Plus, the Federal Reserve is also pro-crypto! (more on that later); And much more! As …

Federal Reserve Withdraws Crypto-Unfriendly Banking Guidance

In a significant move, the US Federal Reserve has decided to back away from its previous restrictions on banks engaging with crypto and stablecoin activities. The decision, announced on April 24, signals a shift in regulatory attitudes. Many believe this move could open up new opportunities for...

Reuters: US bank regulators pull back guardrails on bank crypto activities | ResearchBuzz: Firehose

Reuters: US bank regulators pull back guardrails on bank crypto activities. “U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activiti…

Fed Rollback, NASDAQ Push, and Bitcoin Demand Point to a Breakout Crypto May

Federal Reserve rescinds crypto restrictions, sparking optimism across digital asset markets Bitcoin whale accumulation strengthens as BTC and crypto assets flash bullish signals FIT21 hearing on May 6 could formalize U.S. crypto market structure before summer recess The crypto industry is seeing fresh regulatory momentum this week. Tony Edward, host of the Thinking Crypto Podcast, emphasized the Federal Reserve’s rollback of restrictive policie…

XRP: Can Banks Use the Altcoin After Fed Withdrew Its Guidance?

This unexpected move sparked immediate conversation across the financial and crypto sectors — especially among supporters of XRP and other prominent altcoins. The Board’s announcement rescinded supervisory letters from 2022 and 2023, which had previously outlined strict expectations for state member banks engaged in crypto-asset activities. Under the old rules, banks had to provide advance notice and gain non-objection from the Fed before engagi…

Crypto Breakthrough: Fed Removes Key Banking Barrier—Details

The US Federal Reserve said on April 24 that it has lifted requirements that banks provide advance notice before getting involved in cryptocurrency businesses. This is a full about-face from the cautious policy regulators had taken previously with digital assets. Banks can now engage in crypto and stablecoin businesses without needing special authorization, although they will still be subject to regular supervision. Trump Admin Makes Good On Cry…