Coin Market

Federal Reserve withdraws crypto guidance for banks

Published

1 year ago

April 24, 2025

The US Federal Reserve has announced it would withdraw guidance for banks engaging in crypto asset and stablecoin-related activities.

”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities,” the Board of Governors of the Federal Reserve explained in an April 24 statement.

Any crypto-related activities will now be monitored through the Federal Reserve’s normal supervisory process, it said.

The Federal Reserve is also rescinding its 2023 supervisory letter that impacted how state banks could engage in stablecoin activities.

This is a developing story, and further information will be added as it becomes available.

Coin Market

Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report

Published

11 hours ago

October 23, 2026

As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

Coin Market

IRS plans lower tax disclosure penalties, including for crypto: Forbes

Published

12 hours ago

October 23, 2026

The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.

Coin Market

Initia halts blockchain after exploit reportedly drains over $2.6M

Published

14 hours ago

October 23, 2026

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.