The Federal Reserve announced it will dismantle a Biden-era initiative aimed at enhancing scrutiny of banks’ involvement in digital assets. This move comes as regulators have taken steps to better understand and accommodate the growing crypto industry. By integrating the knowledge gained from the program into its standard supervisory process, the Fed aims to strengthen bank risk management practices.
Source: https://www.bloomberg.com/news/articles/2025-08-15/fed-to-end-program-that-stepped-up-bank-crypto-scrutiny