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Board of Governors of the Federal Reserve System

08/15/2025 | Press release | Distributed by Public on 08/15/2025 10:25

Federal Reserve Board announces it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process

The Federal Reserve Board on Friday announced that it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process.

Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices. As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.

For media inquiries, please email [email protected] or call 202-452-2955.

Board of Governors of the Federal Reserve System published this content on August 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 15, 2025 at 16:25 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]