Recently, the Federal Reserve announced an important decision that has attracted widespread attention in the financial sector. According to the latest announcement, the Fed has terminated the "New Activity Supervision Program" launched last year. This program was originally intended to strengthen the regulation of banking operations, particularly in emerging financial areas such as Crypto Assets.

This move marks a significant shift in the Fed's regulatory strategy. When the plan was established in 2023, it was seen as an important initiative for the Fed to address the challenges posed by financial innovation. However, as the financial environment continues to evolve, the Fed seems to be reassessing its regulatory priorities and approaches.

It is noteworthy that although the program has been terminated, this does not mean that the Fed will relax its regulation of banking operations, especially those related to Crypto Assets. On the contrary, this may indicate that the Fed is seeking more flexible and effective regulatory approaches to adapt to the rapidly evolving fintech sector.

This decision has sparked numerous speculations within the industry regarding the Fed's future regulatory direction. Some analysts believe that it may be aimed at simplifying regulatory processes and reducing redundancy. There are also views that the Fed may be brewing a new regulatory framework to better address the opportunities and challenges brought by financial innovation.

In any case, this move by the Fed will undoubtedly have a profound impact on the financial markets. Market participants will closely follow the Fed's next moves to understand its attitude and policy direction towards emerging financial businesses.