According to @rovercrc, the Federal Reserve has ended its supervision program for U.S. banks’ Bitcoin and crypto activities, but the post provides no official Federal Reserve announcement or SR letter, so the claim is unverified and should be treated as headline risk until confirmed. Source: Crypto Rover on X (Aug 16, 2025). The Federal Reserve previously launched the Novel Activities Supervision Program in August 2023 to oversee state member banks’ crypto-asset, distributed ledger, and stablecoin activities, alongside supervisory guidance on dollar stablecoin activities (SR 23-8). Source: Federal Reserve Board press release (Aug 8, 2023) and SR 23-8 (Aug 8, 2023). Traders should wait for confirmation via an official Federal Reserve Board press release or an updated SR/CA letter—consistent with how the NASP and SR 23-8 were announced on Aug 8, 2023—before repositioning in BTC or U.S. crypto-exposed equities. Source: Federal Reserve Board press release (Aug 8, 2023) and SR 23-8 (Aug 8, 2023).