Fed Ends Specialized Crypto Oversight, Returns to Standard Bank Supervision

The Federal Reserve has announced it will phase out its specialized oversight framework for banks engaged in cryptocurrency and fintech ventures. Introduced in 2023, the program specifically targeted novel banking activities, such as providing payment services, deposit accounts, and loans to crypto-related businesses.  Now, the Fed says these activities will return to the regular supervisory […] The post Fed Ends Specialized Crypto Oversight, Returns to Standard Bank Supervision appeared first on Coin Edition.