Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.

The Fed has reversed prior crypto restrictions, aligning with Trump’s pro-Bitcoin stance—but stops short of granting crypto banks direct Fed access.

The Federal Reserve has withdrawn its guidance letter to banks it supervises related to their participation in crypto-related activities, the last of three prudential banking regulators to do so. Why it matters: President Trump committed on the campaign trail to roll back restrictions on banks seeking to engage in legal activities in the blockchain space,