Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the US Federal Reserve will end its 2023 program supervising banks’ crypto activities. Czech police arrested darknet founder Tomas Jirikovsky in a $45M Bitcoin bribery case linked to a minister’s resignation; and US Treasury Secretary Scott Bessent appeared to walk back comments ruling out budget-neutral strategies for funding the Bitcoin reserve.
The Federal Reserve Board said that it would end a “novel activities supervision program” set up in 2023 to supervise certain activities related to crypto assets and distributed ledger technology.
In a Friday notice, the Fed said it will sunset the program created in August 2023 and return to “monitoring banks’ novel activities through the normal supervisory process.” The 2023 program said it would be “risk-focused” and include supervision of banks providing “deposits, payments, and lending to crypto-asset-related entities and fintechs.”
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