U.S. banking regulators have withdrawn prior guidance that constrained the ability of banks and bank affiliates to engage with digital assets and distributed ledger technology. The Federal Reserve Board rescinded several banking policy statements on "novel activities" relating to blockchain and digital assets in late 2025. This regulatory shift allows banks to more freely offer crypto custody services and engage with digital asset markets. The changes mark a significant departure from the previous administration's restrictive approach and signal growing acceptance of cryptocurrency integration into traditional banking services under the Trump administration's pro-innovation financial policies.