February 24 News: The U.S. Federal Reserve has officially advanced a regulatory proposal to end the “de-banking” of the crypto industry and has opened a 60-day public comment period on related banking regulations. This move is seen as a significant signal of a shift in U.S. financial regulatory policy, with the crypto industry generally believing it could weaken long-standing banking restrictions that have troubled digital asset companies.
According to official statements, the proposed rules aim to remove “reputation risk” as a core basis for banks to review clients from the regulatory framework, instead focusing on “material financial risk.” Regulators have previously instructed banking authorities not to require financial institutions to close accounts solely based on reputation concerns, which could provide clearer institutional protections for legitimate crypto businesses in opening accounts and accessing funds.
Vice Chair Michelle Bowman pointed out that regulators have previously pressured financial institutions to cancel services based on clients’ political stances, religious beliefs, or engagement in unpopular but legal industries, sparking widespread controversy. The crypto community refers to this phenomenon as “Choking Action 2.0,” believing it has limited digital asset companies’ ability to access traditional financial systems.
On the policy front, the Trump administration had previously pushed investigations into allegations of “de-banking” the crypto industry and used administrative measures to require regulatory agencies to review such practices. Senator Cynthia Lummis publicly supported the Federal Reserve’s latest proposal on social media, stating that regulators should not determine the banking access of digital asset companies based on subjective standards, and emphasizing that removing “reputation risk” is a key step toward ending de-banking in crypto.
Additionally, Alex Thorn, Research Director at Galaxy Digital, said that this policy adjustment could mark a move toward a more rational crypto regulatory environment in the U.S. As banking compliance standards become clearer, the policies on crypto company account opening, digital asset compliance frameworks, and access to crypto financial services are expected to become key focal points for U.S. crypto regulation and institutional entry by 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is The Future Fed Setting Up For Another Shot At A CBDC?
A recent meeting between Senator Cynthia Lummis and Fed chair nominee Kevin Warsh reignited debates over a potential Central Bank Digital Currency (CBDC). While Lummis supports financial innovations, Warsh favors a wholesale CBDC, opposing retail ones due to privacy concerns.
Blockzeit14m ago
Bank of Canada issues its first tokenized bond! "Issuance, Bidding, and Settlement" all managed on a single ledger
The Bank of Canada completed the "Project Samara" trial, successfully issuing 100 million CAD in tokenized government bonds, becoming the first case of bonds using distributed ledger technology. Participating institutions include multiple banks, aiming to improve financial market efficiency. The trial demonstrated that blockchain can shorten settlement times but requires overcoming regulatory challenges and exploring integration with existing systems. Financial institutions worldwide are increasingly concerned about tokenized assets, and Canada is also establishing a corresponding regulatory framework.
区块客3h ago
CME Data: 99.3% probability that the Federal Reserve will keep interest rates unchanged in March
Gate News Report, March 11 — Before the release of the CPI (Consumer Price Index), according to CME's "Federal Reserve Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points by March is 0.7%, and the probability of holding rates steady is 99.3%. The probability of the Federal Reserve maintaining rates unchanged until April is 89.1%, with a 10.9% chance of a cumulative 25 basis point cut, and a 0.1% chance of a cumulative 50 basis point cut. By June, the probability of a cumulative 25 basis point rate cut is 33.1%.
GateNews3h ago
The European Central Bank releases the Appia roadmap, with the core component Pontes expected to go live in Q3 2026.
The European Central Bank released the Appia strategic roadmap on March 11, aiming to build a European tokenized financial market anchored by central bank currency. The core component, Pontes, is scheduled to go live in 2026, facilitating interconnection with TARGET payment services. Public consultation runs until April 22, and the digital euro pilot is expected to launch in 2027.
GateNews4h ago
Bank of England Deputy Governor Broadbent: Will examine whether the 60:40 reserve ratio for stablecoins is too conservative
Gate News Report, March 11 — Bank of England Deputy Governor Briden stated that they will review whether the 60:40 reserve ratio for stablecoins is too conservative.
GateNews5h ago
BOJ to Raise Rates, US Fed Uncertain; What's for Crypto Prices?
The Bank of Japan is expected to raise interest rates to 1% by June 2026 amid global economic concerns and the Middle East conflict. Meanwhile, the US Federal Reserve's response remains uncertain, and crypto prices face volatility as liquidity pressures mount.
TheNewsCrypto5h ago
