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ARTICLE · 05 MAY 2025

Federal Reserve Board Withdraws Guidance Regarding Digital Asset Activities

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On April 24, 2025, the Federal Reserve Board ("FRB" or "the Board") announced the withdrawal of guidance it issued during the Biden administration...

United StatesTechnology
Alexandra C. Scheibe
Alexandra C. Scheibe
Vito Arethusa
Vito Arethusa
Nathaniel Sans
Nathaniel Sans

On April 24, 2025, the Federal Reserve Board ("FRB" or "the Board") announced the withdrawal of guidance it issued during the Biden administration that required FRB-regulated banks to provide advance notification or receive advance permission prior to engaging in certain activities involving digital assets.1 The FRB, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) also withdrew two Joint Statements on risks posed by digital assets to banking organizations that they issued in 2023. In lieu of the withdrawn documents, the Board will consider digital asset activities as part of its regular safety and soundness regulation of state member banks.

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