Citi exited a 2024 enforcement action as the Federal Reserve rescinded Biden-era crypto guidance. The Federal Reserve is loosening its reins on crypto activities allowed for banks, with particular emphasis on noninsured state-chartered banks. Crypto trust charter approvals have sparked a fight over statutory scope. GOP senators weigh penalties and the potential fallout for debanking.
The Federal Reserve is loosening its reins on crypto activities allowed for banks, with particular emphasis on noninsured state-chartered banks. Citi recently exited a 2024 enforcement action as the Fed rescinded Biden-era crypto guidance. The moves signal a broader tilt toward permitting crypto services within the traditional banking system. Crypto trust charter approvals have ignited a fight over statutory scope.
GOP senators are weighing penalties and the potential fallout for debanking. As policy evolves, banks must navigate a shifting regulatory landscape, balancing growth with robust compliance. Regulators emphasize risk management and oversight as crypto services become more integrated into banking.
Leave a Reply