The US Federal Reserve System (FRS) has lifted its previous recommendations that limited banks' participation in operations with cryptocurrencies and stablecoins. In particular, two key documents have been withdrawn: a 2022 letter that required banks to notify the regulator in advance about working with crypto assets, and a 2023 letter that regulated the activities of state banks with stablecoins. Now banks will be able to interact with the crypto market without additional permits, but under the standard supervision of the Fed.

Earlier, the regulator warned about the risks of cryptocurrencies, including threats to financial stability, money laundering and fraud. However, the Fed, FDIC, and OCC have now simultaneously lifted these restrictions, acknowledging that the regulatory approach needs to be more flexible. This decision could speed up the integration of crypto assets into the traditional banking system.

Experts believe that the withdrawal of recommendations opens the way for more active participation of banks in the crypto economy, including stablecoins and asset tokenization. However, regulators retain the right to tighten control if new threats to the financial system arise.