Internet reports that the Federal Reserve issued a statement saying it has stopped the "New Activity Regulation Program" it established in 2023, which is part of its function to strengthen the supervision of cryptocurrency business in the banking industry. Analysts believe that this move also continues the recent trend of U.S. regulators relaxing supervision of the cryptocurrency industry. U.S. media pointed out that in April this year, the Federal Reserve withdrew its guidance that banks need to obtain regulatory approval before launching new cryptocurrency business. The other two U.S. federal banking regulators, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have also taken the same measures, allowing banks to decide whether to conduct cryptocurrency business under existing risk management requirements.