Federal Reserve Rescinds 2023 Crypto Rules, Ushering in Principles-Based Approach for Banks
Federal Reserve's Policy Shift on Digital Assets The Federal Reserve has officially rescinded its 2023 guidance on crypto-asset exposures for banking organizations, marking a significant pivot in U.S. regulatory oversight of digital assets. This move replaces prescriptive rules with a more flexible, principles-based framework, potentially altering how banks evaluate and engage with cryptocurrencies like Bitcoin….