According to a recent report from BlockBeats, Federal Reserve Chairman Jerome Powell has confirmed that the central bank is actively reviewing and retracting several previously issued guidelines concerning cryptocurrencies. This strategic reassessment signals a potential policy pivot in how the Federal Reserve engages with the rapidly evolving digital asset sector.

The decision underscores the institution’s recognition of shifting dynamics in the global financial system, where decentralized finance (DeFi), stablecoins, and central bank digital currencies (CBDCs) are increasingly influencing monetary policy considerations and market infrastructure. By reevaluating past guidance, the Fed appears to be acknowledging that earlier positions may no longer align with current risks, innovations, and regulatory priorities.

While Powell did not specify which guidelines are under reconsideration, the move could have far-reaching implications for banks, crypto firms, fintech startups, and institutional investors operating in or adjacent to the blockchain economy. It may also pave the way for more consistent, updated frameworks around custody, reserve backing, and systemic oversight of digital assets.

This policy shift reflects growing pressure on U.S. regulators to modernize their approach to cryptocurrency in response to global competition, market maturation, and recent legislative discussions surrounding digital finance.