The Federal Reserve (FED) withdraws regulatory guidance related to encryption assets and dollar tokens.

On April 24, 2025, the Fed's board of directors announced the revocation of previous regulatory guidance on banks' crypto-asset and dollar-related token-related activities and adjusted relevant regulatory expectations, Wu said. These include: the revocation of a 2022 regulatory letter requiring state member banks to provide advance notice prior to carrying out cryptoasset activities, which will be monitored through a regular regulatory process in the future; revoke the 2023 Regulatory Letter on the need for banks to obtain non-objections to participate in USD token activities; and with the Federal Deposit Insurance Corporation (FDIC) to withdraw from two cryptoasset-related statements issued jointly with the Office of the Comptroller of the Currency (OCC) in 2023. The Fed said it would work with relevant institutions to consider whether to issue new guidance to support innovation in the banking system, as appropriate.