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US Fed phasing out special Biden-era oversight of crypto assets

By Neil Roland ( August 18, 2025, 18:07 GMT | Insight) -- The US Federal Reserve said it will phase out its special Biden-era supervision of banks’ crypto assets and other “novel” activities and return to overseeing these functions through normal supervision. “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,” the central bank said.The US Federal Reserve said it will phase out its special Biden-era supervision of banks’ crypto assets and other “novel” activities and return to overseeing these functions through normal supervision....

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