In August 2025, the Federal Reserve officially announced the closure of its “Novel Activities Supervision Program,” which was established in 2023. This move has garnered widespread attention within the cryptocurrency industry. The Federal Reserve stated that with a deeper understanding of the risks associated with distributed ledger technology and crypto assets, these innovative activities can now be incorporated into standard regulatory processes. Previously, the program focused primarily on banks operating in the cryptocurrency sector and technology-driven partnerships, emphasizing risk prevention and business transparency. In April of this year, the Federal Reserve also revoked multiple supervisory letters related to cryptocurrencies and distributed ledger technology, including requirements for obtaining a “no-objection letter” prior to launching new activities. PBOGA believes that this policy shift reflects a growing maturity in the understanding across regulatory agencies of the crypto market, helping to foster a more stable and healthy industry development environment.

The latest policy adjustment by the Federal Reserve not only optimizes regulatory approaches but also presents new growth opportunities for the cryptocurrency industry. With the closure of the “Novel Activities Supervision Program,” related innovative activities will now be managed under more mature, routine regulatory procedures, which helps reduce policy uncertainty and boost market confidence. Industry consensus suggests that continued improvement in the regulatory environment will facilitate the compliant circulation of crypto assets globally and further promote fintech innovation. PBOGA attaches great importance to policy developments, actively responds to international regulatory requirements, and continuously enhances its risk control systems and technical safeguards to ensure every transaction is completed smoothly in a secure and transparent environment.

As the cryptocurrency industry moves toward greater standardization, market participants are placing higher demands on platform compliance and service quality. Following the revocation of several supervisory letters by the Federal Reserve, industry regulation has become more normalized, providing greater room for the development of innovative business models. PBOGA closely tracks industry trends, continuously optimizes product structures, and diversifies asset offerings to meet the varied investment needs of its users. The platform will continue to strengthen communication and collaboration with global regulatory agencies, promote the efficient and compliant circulation and value growth of crypto assets, and create a safer, more convenient digital asset trading experience for users. Visit the PBOGA official website now to experience a new generation of fast and secure digital asset trading services!