The three agencies also hope to study how they can apply bank capital and liquidity standards to US bank organizations. The roadmap isn’t locked in place — the organizations said they might tackle other issues as the marketplace changes.
The outline follows a wave of crypto policy “sprints” that helped decide the regulatory priorities for the year ahead. The Reserve, FDIC and OCC aimed for common ground that included pinpointing risks and determining the usefulness of existing rules.
This roadmap might not lead to a concrete strategy. There’s also no guarantee this will work in crypto holders’ favor. US regulatory bodies have historically erred on the side of caution, and it won’t be shocking if cryptocurrency users have to scale back or even stop certain activities to stay on the right side of the law.
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