American banking regulators, including the Federal Reserve, FDIC and OCC, have announced the withdrawal of documents advising banks to be cautious in cryptocurrency and related activities. The Federal Reserve has canceled two supervision letters forcing banks to request approval before engaging in Crypto or Stablecoin activities. In addition, regulators have deleted 2023 declarations warning risks such as volatility, legal uncertainty and liquidity problems. This change marks a more friendly position of crypto from the Trump administration, the Fed exploring new advice to support innovation in Crypto-Asset activities. In March, the OCC had also started to soften the restrictions in the participation of banks in the crypto.
