The Federal Reserve has concluded its supervisory program monitoring U.S. banks involved in cryptocurrency services. The central bank states that it has strengthened its understanding of related risks during the program's duration, which began in 2023. Banks previously required to notify the Fed and adhere to strict guidelines can now engage in crypto activities such as asset custody and stablecoin services through normal supervision. This change follows a broader shift in U.S. regulatory attitudes toward the crypto industry under President Trump, moving from a cautious approach to a more accommodating one. The Fed's decision also comes on the heels of previous regulatory actions that limited banks' participation in crypto services and the fallout from the collapse of FTX and other crypto-friendly banks. This new development suggests a potential easing of restrictions that have previously posed challenges to the growth of the digital asset sector in the United States.

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