Key Notes

Federal Reserve discontinues specialized crypto supervision program after gaining sufficient understanding of digital asset risks in banking sector.

Treasury Secretary confirms Bitcoin strategic reserve will use only confiscated assets worth $15-20 billion, rejecting new government purchases.

Bitcoin briefly dropped to $116,856 following Treasury comments before recovering to $117,500 as regulatory clarity emerges.

The Federal Reserve announced Friday it has officially ended its Novel Activities Supervision Program, a framework established in 2023 to enhance oversight of banks engaged in emerging technology sectors like cryptocurrency, distributed ledger technology (DLT), and complex fintech partnerships.

Oversight of such activities will now be integrated into the Fed’s reg

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