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It would seem that quite recently, banks seeking to interact with the crypto world had to deal with a huge number of formalities – a bunch of checks, reports and the close attention of regulatory authorities. But now, the Federal Reserve System has unexpectedly announced the termination of its program of enhanced control over digital assets. No more special features – now everything will return to the standard rules.

The decision published on August 15, 2025 was the natural result of many years of observations. The Fed said that it has gained enough experience in understanding the risks and features of the crypto market, and no longer sees the need to separate it into a separate category. The program, launched in 2023 under the heading SR 23-7, was initially aimed at tracking new banking operations: storing cryptocurrencies, issuing stablecoins, tokenizing assets, and interacting with fintech companies. However, now, according to the regulator, these processes have become sufficiently transparent and understandable to regulate them according to common standards.

What will change?

Banks will be able to take a deep breath – now they won't need to coordinate every action with regulatory authorities. This will allow traditional financial institutions to work more actively with cryptocurrencies. Most likely, major players will soon offer new crypto products, ranging from storage services to the introduction of blockchain into payment systems.

But there is a flip side to the coin. Some experts fear that loosening controls could lead to increased fraud and instability. The cryptocurrency market is still unpredictable, and the rules here are constantly changing.

Senator Cynthia Lummis called the Fed's decision a "victory for common sense." The House Financial Services Committee believes that this is a step towards the full integration of digital assets into the economy.
However, experts warn that overly lax regulation can lead to undesirable surprises. But still, the time when the crypt was perceived as something illegal and murky has passed. Now it is a full-fledged participant in serious financial processes. But, as you know, you always have to sacrifice something for independence.