Banks now have a free way to support Bitcoin in the US.

Recently, the US Federal Reserve. (FED) announced the elimination of several guidelines that regulated the activities of cryptoactive banks. According to the agency, the objective is to update the regulations against new risks and promote innovation within the financial system.

In particular, Two supervisory cards were eliminated that imposed prior requirements. The first, of 2022, forced state banks to notify their plans to operate with cryptocurrencies. From now on, this notification will no longer be necessary, and the FED will supervise these activities as part of the usual surveillance process.

The second letter, of 2023, established a special procedure that banks had to follow to get involved with tokens supported by dollars. It should be noted that the Fed, together with the Federal Deposit Insurance Corporation (FDIC), He withdrew from two communications issued that same year by federal banking regulatorsabout banking activities related to cryptoactive.

In a publication in its official portal, the agency indicated that it will work with other agencies to assess whether it is necessary to establish new guidelines that support innovation, including the use of digital currencies.

Although the United States Federal Reserve is an independent entity, these flexibility come within the framework of an administration that, until now, has shown a proactive approach to the sector. In fact, one of the most outstanding measures of the Trump government has been the signing of an order authorizing the Creation of a strategic Bitcoin reserve. It is important to mention that, in January, this initiative was described by Fed officials as “the most stupid idea ever conceived.”

However, this does not imply that Powell is completely against everything related to cryptocurrencies. In fact, shortly after those controversial statements, the president of the Fed gave their approval to the banks to serve customers interested in operating with this technology, provided that they can properly manage the associated risks.

Although Trump’s government can affirm that he has fulfilled several of his promises in cryptoactive, the truth is that their tariff policies generated great uncertainty and were not well received by the markets. In fact, The Fed recently acknowledged that it has not been oblivious to the effects of the economic storm originated from Washington. In a speech before the Economic Club of Chicago (ECC), Powell admitted that the Fed faces an uncertain panorama and that Trump’s policies could temporarily remove the institution from their objectives of “maximum employment and stable inflation.”