Following rapid assessments by federal agencies, the United States Federal Reserve intends to fix any confusions that may be affecting digital asset regulation.

November 23rd, the Federal Reserve System Board of Governors made an announcement. it recently worked with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency on a series of “policy sprints” aimed at addressing regulatory clarity in the crypto space. Interagency efforts included developing a deeper understanding of crypto assets’ terminology, identifying possible risks and analysing existing regulatory frameworks to see if changes are necessary.