The Federal Reserve continues its relaxation of crypto oversight by ending a program created in 2023 to scrutinize fintech and crypto activities by banks
this is a big positive (i.e., Congressional staffers had started disparagingly calling this the “novel activities squashing program.” … Dan McGonegle : The day was always coming when novel banking activities would become core, and the risks and controls would be well-understood. … Forums: r/Hedera : Ħ Federal Reserve Board announces it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process Ħ