The Federal Reserve has overhauled its bank policy, moving away from previous restrictions that were perceived as limiting crypto-related banking activities. According to reports, this change distances the Fed from policies that some state-chartered crypto banks have criticized. These banks claimed the earlier policies, referred to as "Operation Chokepoint 2.0," effectively excluded them from accessing banking services. The development signals a potential shift in the regulatory landscape for crypto firms seeking to engage with the traditional banking system.

The Federal Reserve has overhauled its bank policy, moving away from previous restrictions that were perceived as limiting crypto-related banking activities. According to reports, this change distances the Fed from policies that some state-chartered crypto banks have criticized. These banks claimed the earlier policies, referred to as "Operation Chokepoint 2.0," effectively excluded them from accessing banking services. The development signals a potential shift in the regulatory landscape for crypto firms seeking to engage with the traditional banking system.