U.S. banking regulators on Thursday rescinded multiple guidance documents that had previously urged caution in crypto-related activities, according to Reuters. The Federal Reserve withdrew two supervisory letters requiring banks to seek approval before engaging with crypto-assets and stablecoins. The Fed, FDIC, and OCC withdrew 2023 statements that had urged banks to exercise caution regarding crypto-related risks. The move is part of a broader Trump administration push toward a more crypto-friendly regulatory stance.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. banking regulators on Thursday were sent in multiple guidance documents that had previously
00:06urged caution in crypto-related activities, according to Reuters. The Federal Reserve
00:10withdrew two supervisory letters requiring banks to seek prior approval before engaging with
00:15crypto assets and stablecoins. The Fed, FDIC, and OCC withdrew 2023 statements that had urged banks
00:22to exercise caution regarding crypto-related risks. The move is part of a broader Trump
00:26administration push toward a more crypto-friendly regulatory stance.
00:30For all things money, visit Benzinga.com slash GSTV.