Federal Reserve Ends Crypto and Fintech Oversight Program
TL;DR Summary
The Federal Reserve Board announced it will end its specialized supervision program for crypto and fintech activities in banks and revert to standard supervisory methods, integrating previous insights into regular oversight processes.
- Federal Reserve Board announces it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process Federal Reserve Board (.gov)
- Fed to End Program That Stepped Up Bank-Crypto Scrutiny Bloomberg.com
- Fed to scrap program devoted to policing banks on crypto, fintech activities Reuters
- US Fed to scrap banking supervision program of oversight into crypto, fintech activities — Details here Mint
- Michael Saylor Says ‘Road Is Now Clear For Bitcoin And Banking’ After Fed Ends Novel Activities Supervision Program Stocktwits
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 1 min read
Condensed
78%
147 → 32 words
Want the full story? Read the original article
Read on Federal Reserve Board (.gov)