The Federal Reserve has concluded its supervisory program monitoring U.S. banks involved in crypto services. This decision, announced on August 15, 2025, indicates that banks will no longer undergo heightened scrutiny for activities such as crypto custody or offering stablecoin services. The Fed noted that it has improved its understanding of related risks since initiating the program in 2023, which was designed to ensure rigorous guidelines for banks involved in crypto activities. Now, oversight will happen through standard supervisory means rather than specialized scrutiny. The change reflects a broader shift in the regulatory landscape under President Trump's administration, moving towards a more favorable stance on crypto, following previous restrictions that arose from incidents like the FTX collapse and the failures of crypto-friendly banks. Trump's administration has also introduced measures to prevent the debanking of crypto entities, countering what was perceived as hostile regulatory tactics against the industry. This signals a significant easing of the stringent regulatory framework previously imposed on banks engaging with digital assets.

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