Dust

Loosening cryptocurrency regulations, the Federal Reserve and other institutions have withdrawn relevant guidance for the banking industry

ChainCatcher news, the Federal Reserve announced on Thursday the withdrawal of regulatory guidance regarding banks' cryptocurrency assets and dollar token businesses, and simultaneously updated the relevant business expectation standards. This move aims to ensure that regulatory requirements keep pace with the evolution of risks and further support innovation in the banking system.The announcement shows that the Federal Reserve has officially abolished the regulatory letter issued in 2022, which previously required state member banks to report in advance on proposed or existing cryptocurrency asset businesses. After the withdrawal, the Federal Reserve will no longer require banks to fulfill reporting obligations, instead opting to monitor related activities through regular regulatory procedures. Also abolished is the 2023 guidance document regarding the "no objection" procedure for state member banks participating in dollar token businesses.In addition, the Federal Reserve and the Federal Deposit Insurance Corporation jointly decided to withdraw two policy statements regarding banks' cryptocurrency asset businesses and risk exposures, which were jointly issued by federal banking regulators in 2023. The Office of the Comptroller of the Currency had previously withdrawn from that statement. The Federal Reserve stated that it will collaborate with other regulatory agencies in the future to assess whether new guidance frameworks are needed to support innovation, including cryptocurrency asset businesses.

Sun Yuchen: Empowering builders in the blockchain industry, committed to promoting the emergence of breakthrough technologies

ChainCatcher news, Sun Yuchen, the founder of TRON, global advisor of Huobi HTX, and core supporter of HTX DAO, was invited to speak at the Blockchain Forum 2025, sharing the latest developments and innovations in the TRON ecosystem. According to Sun Yuchen, as of this month, the number of TRON user accounts has exceeded 300 million, the ecosystem's TVL has surpassed $20 billion, and it has established an industry-leading position in stablecoin trading.Sun Yuchen stated that over the past year, the TRON ecosystem has made several significant advancements, including the launch of the upgraded decentralized stablecoin USDD 2.0, with the current protocol TVL exceeding $367 million; the establishment of T3 FCU (T3 Financial Crime Unit) in collaboration with Tether and TRM Labs, which has already worked with global law enforcement agencies to freeze over $150 million in illegal funds. Additionally, a gas-free feature, Bitcoin Layer 2 solutions, and interoperability solutions between TRON and Ethereum are also under development. "Blockchain and cryptocurrency are at a historic turning point, ready to reshape the future of finance, governance, and global innovation. My goal is to empower the builders and entrepreneurs leading this transformation and to help drive the emergence of the next wave of breakthrough technologies," said Sun Yuchen.It is reported that the Blockchain Forum 2025 is the most influential crypto event in Russia and the CIS region, held in Moscow from April 23 to 24. HTX DAO participated in this summit as a senior sponsor.
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