Saylor Declares Victory as Fed Removes Major Hurdle Between Banks & Bitcoin

• Fed rescinds 2022 and 2023 guidance on crypto and dollar token activities for state banks.
• Banks no longer need special approval to engage in digital asset services.
• Saylor says the move frees banks to support Bitcoin-related services.

Banks in the United States are now free to support Bitcoin, according to Strategy executive chairman Michael Saylor, following a significant policy shift by the U.S. Federal Reserve. The US central bank confirmed Thursday, April 24, 2025, it has withdrawn key supervisory guidance documents related to banks’ crypto-asset activities.

Specifically, the Fed pulled back a 2022 supervisory letter that had required state-chartered member banks to provide advance notice before engaging in crypto-related activities. It also withdrew a 2023 letter that outlined procedures for banks to seek supervisory non-objection before participating in dollar token initiatives.

This marks a notable change in how the Fed plans to supervise bank involvement in crypto. Rather than imposing separate requirements, the central bank will now oversee such activities through its standard supervisory processes.

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