Regulation · Instrument · United States · Guidance · Board of Governors of the Federal Reserve System

Federal Reserve withdrawal of crypto-asset and dollar-token guidance (SR 22-6 and SR 23-8)

The Fed rescinded its 2022 letter requiring state member banks to notify it before engaging in crypto-asset activities and its 2023 non-objection process for dollar-token (stablecoin) activities, and with the FDIC joined the OCC in withdrawing two 2023 joint statements on crypto-asset and related liquidity risks. These activities are now handled through the normal supervisory process.

In force · effective 24 Apr 2025 · part of US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities