The Consumer Financial Protection Bureau (CFPB) announced on April 11, 2025, that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies that have broken consumer laws. The CFPB will instead focus on pressing threats to consumers and is considering rescinding or narrowing the scope of the regulation.

Crypto and fintech companies are actively pursuing state and national banking licenses, capitalizing on a favorable regulatory environment under President Donald Trump's administration. This shift aims to address underserved customer bases and improve financial legitimacy. Regulatory leaders have indicated a desire to encourage more bank charter applications, with the Federal Deposit Insurance Corporation (FDIC) revising guidelines to allow banks to interact with crypto-related activities.

On 2025-01-12, U.S. banking regulators announced they were withdrawing documents that previously urged banks to be cautious when engaging in cryptocurrency and related activities. The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly withdrew supervisory letters and statements from 2023 that required banks to seek advance approval from regulators for crypto-asset and stablecoin activities. This move is seen as a shift towards a more crypto-friendly stance by the Trump administration.