News & Analysis as of

Federal Reserve Regulatory Oversight Cryptoassets

Paul Hastings LLP

Federal Reserve Ends Novel Activities Program and Industry Groups Press on GENIUS Act

Paul Hastings LLP on

Congress is on recess, leaving regulatory agencies and industry groups to drive this week’s developments in digital asset policy. The Federal Reserve announced a sunset of its Novel Activities Supervision Program, folding...more

Sheppard Mullin Richter & Hampton LLP

Federal Reserve Ends Novel Activities Supervision Program for Crypto and Fintech Oversight

On August 15, the Federal Reserve Board announced that it has rescinded its 2023 supervisory letter establishing the Novel Activities Supervision Program (NASP). The program had focused on overseeing banks’ involvement in...more

Troutman Pepper Locke

The Federal Reserve’s Shift in Supervision Strategy for Novel Activities

Troutman Pepper Locke on

On August 15, the Federal Reserve Board announced a significant shift in its approach to supervising novel activities within banking organizations. The Board decided to sunset its Novel Activities Supervision Program, which...more

Vedder Price

Jonathan Gould Confirmed as Comptroller of the Currency

Vedder Price on

On Thursday, July 10, 2025, the U.S. Senate confirmed Jonathan Gould to serve as the next Comptroller of the Currency in a 50–45 vote. Gould will succeed Acting Comptroller Rodney Hood, who offered his congratulations and...more

Latham & Watkins LLP

New US Digital Assets Bill Casts Wide Net

Latham & Watkins LLP on

An ambitious proposal could bring digital assets into the mainstream regulatory fold. During an eventful summer for the digital assets industry, it may have been easy to miss US Representative Don Beyer’s introduction of the...more

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