That is why we have worked closely with the other bank regulatory agencies to develop a consistent approach. Our overall stance is that, at this stage of the development, banks should take a careful and cautious approach to engaging in crypto-asset related activities and the crypto sector.
Overview of Recent Federal Reserve Actions Over decades, federal bank regulators have articulated supervisory expectations for managing, monitoring, and controlling risks to safety and soundness. These expectations are generally principles-based—meaning they can be applied in a broad  -8range of circumstances. Given emerging interest in crypto-asset activities, we have worked to provide clear and transparent guidance.