The Federal Reserve cancels the special regulatory program for cryptocurrency businesses, and U.S. media reports that the United States is easing regulations on the cryptocurrency industry

On the 15th local time, the Federal Reserve announced that it has halted its "Novel Activity Supervision Program" established in 2023, which aimed to enhance the regulation of cryptocurrency activities in the banking sector. U.S. media reported that this move continues the recent trend of U.S. regulators easing oversight of the cryptocurrency industry. In April of this year, the Federal Reserve withdrew guidance requiring banks to obtain regulatory approval before engaging in new cryptocurrency activities. The other two U.S. federal banking regulators—the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation—also took similar measures, allowing banks to decide whether to engage in cryptocurrency activities under existing risk management requirements