The news: Since President Trump took office, financial watchdogs have made changes to provide more regulatory clarity for banks engaging with cryptocurrencies, per JD Supra.

These changes include:

A crypto task force: Acting SEC Chair Mark Uyeda established a new Crypto Task Force to develop a comprehensive regulatory framework. The task force aims to create clear guidelines, registration pathways, and strategic enforcement. Coordination with Congress and other agencies will shape potential legislative changes.