Fed Scraps Crypto Oversight Program After Trump’s “Debanking” Outcry

With political pressure rising, the Fed has ended SR 23-7 and returned to routine review of bank crypto, stablecoin and DLT activities. Crypto oversight has continued under risk-based rules as FDIC and OCC have clarified custody, while ‘reputational risk’ has been dropped. source: https://cryptonews.com/news/fed-scraps-crypto-oversight-program-after-trumps-debanking-outcry/