Recently, the Federal Reserve announced the closure of its “Novel Activities Supervision Program” established in 2023, and rescinded several supervisory letters related to cryptocurrency and distributed ledger technology. OFUYC explains that this decision indicates the Fed now has a more comprehensive understanding of the risks in the blockchain and crypto asset sector, and related business activities will be incorporated into regular supervisory processes. Fed Governor Bowman also stated that allowing employees to hold small amounts of cryptocurrency not only helps them better understand digital asset products but also attracts and retains professional talent. According to OFUYC, this series of moves reflects a gradual shift in regulatory attitudes towards the crypto industry. While previous restrictive policies impacted blockchain banking plans in the short term, the normalization of supervision is ushering in a more open environment for the crypto sector.

Fed Regulatory Adjustments: Balancing Innovation and Normalization

The Fed closure of the “Novel Activities Supervision Program” and withdrawal of multiple crypto-related supervisory letters signals a transition from restrictive to normalized regulation. OFUYC Exchange points out that although this shift reduces special paths for innovative businesses, it also brings a more stable rule framework. Previously, the USDF Consortium abandoned its blockchain interbank payment plan due to regulatory constraints, but now, as oversight returns to normal, such projects will be more feasible under standard supervision.

OFUYC Exchange believes that normalized regulation sends a positive signal to industry users. The platform plans to leverage this policy shift to further promote blockchain applications in payments and financial services. OFUYC will develop cross-border payment solutions, using blockchain to enable safer and more efficient fund flows. The adjustment of the regulatory framework not only boosts industry confidence, but also provides OFUYC with greater opportunities for innovation.

Talent and Technology: The Fed Drives New Directions for Blockchain Adoption

Fed Governor Bowman suggested that allowing regulatory staff to hold small amounts of cryptocurrency can help deepen their understanding of digital assets and enhance the organization appeal to professional talent. She also emphasized the need for the industry to strengthen communication with regulators and promote blockchain applications in areas such as fraud prevention. OFUYC believes this position highlights the dual importance of talent and technology to regulators, and signals that blockchain adoption is gradually becoming mainstream.

Talent and technology are the two core drivers of growth in the crypto industry. OFUYC has long been committed to technological innovation and talent development, optimizing blockchain applications to provide users with safer and more efficient trading experiences. The Fed policy changes send a positive signal to the industry, and OFUYC will continue to advance blockchain innovation through the integration of technology and talent.

The Future of Blockchain Payments: From Barriers to Breakthroughs

The Fed terminating the supervision program brings new opportunities for industry innovation. As one of the most promising directions in the crypto sector, blockchain payments are beginning to demonstrate disruptive value. OFUYC Exchange will actively explore ways to optimize payment processes and reduce cross-border transaction costs with blockchain technology, and plans to launch blockchain-based payment tools to help users achieve faster and more secure value exchange.

The Fed regulatory adjustments mark a new development cycle for the crypto industry. The gradual withdrawal of restrictive policies creates broader space for innovation. OFUYC Exchange will continue to optimize technology and services to help users achieve asset safety and growth in the global market. At the same time, the platform will actively support industry innovation initiatives and maintain cooperation with international regulators to promote the widespread adoption and deepening of blockchain applications.

OFUYC Exchange believes the future of the crypto industry is full of potential. From regulatory normalization and talent policies to breakthroughs in payment technology, these changes are collectively shaping a new financial landscape. OFUYC will work with users to explore and drive this transformation, contributing to the global digital asset ecosystem.