Recently, there have been significant changes in the U.S. financial regulatory landscape. According to reliable sources, the Federal Reserve (Fed) has decided to terminate its "Emerging Activities Supervision Program" established in 2023. This program was originally intended to strengthen the regulatory oversight of the banking sector's involvement in Crypto Assets.

This move is seen as yet another signal of a shift in the attitude of U.S. regulators towards the Crypto Assets industry. In fact, this decision echoes a guidance that the Fed withdrew in April of this year. At that time, the Fed canceled the requirement for banks to obtain regulatory approval before engaging in new Crypto Assets-related activities.

It is worth noting that two other important federal banking regulators in the United States—the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation—have also made similar policy adjustments. These agencies now allow banks to independently decide whether to engage in Crypto Assets activities, provided they comply with existing risk management requirements.

This series of policy adjustments reflects a subtle shift in the mainstream American society's attitude towards Crypto Assets. The gradual relaxation of the regulatory environment may bring new development opportunities to the Crypto Assets market, but it also reminds market participants to pay more attention to risk management while making independent decisions.

With the changing regulatory landscape, the Crypto Assets market may enter a new stage of development. However, investors must remain vigilant and closely monitor market trends and potential risks. The future evolution of the Crypto Assets industry is still to be observed.