U.S. banking regulators on Thursday rescinded multiple guidance documents that had previously urged caution in crypto-related activities, according to Reuters.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.
