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Bank Regulators Released a 'Road Map' for Crypto Regulation That Is Short on Details

By The New York Times

November 24, 2021

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After months of behind-the-scenes discussions and public assurances that clarity was on the way, federal bank regulators unveiled a "road map" on Tuesday for overseeing cryptocurrencies and other digital assets in ways that would finally let banks hold, trade and lend against them.

The two-page document had one major problem: It contained no details about how to do any of that.

The statement — a product of the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation — identified broad areas where regulators had agreed they needed to make new rules, but it said little else.

From The New York Times
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