The Federal Reserve (Fed) announced a significant decision on August 15, 2025, to dissolve its special task force responsible for overseeing Crypto Assets and digital asset. This decision does not signify a relaxation of regulation, but rather reflects a major shift in regulatory strategy.

This move marks the official entry of crypto assets into the mainstream financial regulatory framework. The Federal Reserve has integrated crypto regulatory functions into the existing banking regulatory department, aiming to build a more comprehensive and unified regulatory system. This integration helps to better assess the systemic risks that stablecoins and digital assets held by banks may pose.

This decision may have a two-way impact on the encryption industry. On one hand, it may reduce market uncertainty caused by unclear regulations. On the other hand, there are concerns within the industry about whether non-professionals can effectively regulate this innovative field.

In the future, the market will closely monitor whether other regulatory agencies, such as the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), will follow the Federal Reserve's lead. At the same time, the specific details of regulation and the intensity of enforcement will also become the focus of industry attention.

This initiative reflects the growing importance of Crypto Assets and digital assets in the financial system, while also highlighting the challenges faced by regulators in responding to the rapidly evolving fintech sector. As encryption assets gradually integrate into the traditional financial system, striking a balance between encouraging innovation and maintaining financial stability will become a key issue for regulators.