The Federal Reserve announced it will terminate its Novel Activities Supervision Program, a specialized initiative launched in 2023 to increase scrutiny on banks' involvement in cryptocurrency and fintech activities. This program, introduced during the Biden administration, aimed to enhance oversight of digital asset-related banking operations. The Fed will now integrate the supervision of crypto and fintech activities into its standard regulatory framework, marking a shift toward normalization of oversight in the sector. This move aligns with broader regulatory trends in the U.S. toward easing restrictions on the crypto industry, including actions taken during the Trump administration. The decision reflects the Fed's assessment that it has gained sufficient experience to manage these activities under its usual supervisory processes without the need for a dedicated program.