The U.S. financial regulatory policy has undergone significant changes again, attracting market attention. Recently, the Fed announced the cancellation of the special regulatory program for banks' crypto assets businesses, returning to the regular regulatory process. This decision reflects the new attitude of regulatory agencies towards risk assessment in the crypto assets industry.

Last year, due to concerns about the risks posed by banks' involvement in Crypto Assets, the Fed launched a special regulatory program requiring individual approval for each Crypto Assets transaction. Now, the Fed believes that the related risks are manageable and has decided to revoke this special treatment, indicating that traditional banks' participation in Crypto Assets business is gradually gaining recognition.

This policy adjustment has released two important signals: first, the Crypto Assets industry is becoming increasingly mature and is no longer viewed as a high-risk area by traditional financial institutions. Several well-known banks have begun to lay out Custody and Payment Services for Crypto Assets, demonstrating confidence in this emerging market. Secondly, the regulatory environment in the United States is shifting towards a "Crypto-friendly" direction. The Securities and Exchange Commission (SEC) has clarified that certain staking activities do not fall under the category of securities, and the overall policy environment is becoming more relaxed.

However, experts point out that despite favorable policies, the integration process between the banking industry and the Crypto Assets industry may still face fluctuations. Regulatory agencies need to find a balance between encouraging innovation and preventing risks, and policy adjustments may be continuously fine-tuned with market changes.

Overall, the Fed's decision reflects the long-term goal of regulators to incorporate Crypto Assets into the mainstream financial system. This move is expected to promote a deep integration of traditional finance with emerging digital assets, opening up new development space for financial innovation.