美聯儲撤回指導後，銀行可以使用山寨幣嗎？

2025年4月24日，美聯儲宣布了一個重大轉變：它正式撤回了對與加密資產和美元代幣活動有關的銀行的先前指南。

The dust settles on April 24, 2025, as the Federal Reserve Board pulls back prior guidance on crypto-asset and dollar token activities by state member banks. This sparks conversation among financial and crypto circles, especially regarding the implications for prominent altcoins like XRP.

塵埃落定在2025年4月24日定居，因為美聯儲委員會退縮了州成員銀行對加密資產和美元代幣活動的事先指南。這激發了財務和加密貨幣界之間的對話，尤其是關於XRP等著名山寨幣的影響。

The Board is rolling back supervisory letters from 2022 and 2023 that had set forth specific expectations for state member banks engaging in crypto-asset and dollar token activities.

該董事會正在回滾2022年和2023年的監督信，這些信件對從事加密資產和美元代幣活動的州成員銀行提出了具體期望。

Specifically, the letters outlined that banks should provide advance notice and obtain non-objection from the Federal Reserve before engaging with crypto-assets or dollar tokens.

具體而言，這些信件概述了銀行應提供預先通知並從聯邦儲備中獲得無異議，然後再與加密資產或美元代幣交往。

However, the Federal Reserve is now removing this framework and shifting to monitor crypto-asset activities through the normal supervisory process, which is more flexible and less intrusive. This change is part of a broader effort to adapt regulation to evolving financial innovations while maintaining safety and soundness in the banking system.

但是，美聯儲現在正在刪除此框架和轉移以通過正常的監督過程監視加密資產的活動，這更靈活且侵入性較低。這種變化是更廣泛的努力的一部分，以使法規適應不斷發展的金融創新，同時保持銀行系統的安全性和健全性。

What This Means for XRP

這對XRP意味著什麼

With the withdrawal of prior guidance, banks are no longer required to seek pre-approval for activities involving digital assets, including XRP. In theory, this opens the door wider for banks to explore using XRP and similar cryptocurrencies, especially in roles like:

隨著事先指導的撤銷，不再需要銀行尋求涉及數字資產的活動（包括XRP）的活動。從理論上講，這為銀行打開了更寬的門，可以使用XRP和類似的加密貨幣探索，尤其是在諸如以下角色之類的角色中。

• Liquidity management

•流動性管理

• Cross-border payments

•跨境支付

• New financial products

•新金融產品

However, while the removal of formal guidance removes a significant bureaucratic hurdle, it does not mean that “anything goes.” Banks must still comply with broader supervisory expectations around risk management, anti-money laundering (AML) compliance, and overall operational safety. In fact, the Federal Reserve stated that it will continue to monitor crypto-asset activities through standard supervision, which implies that banks using XRP must be prepared to demonstrate sound practices and risk mitigation strategies during regular examinations.

但是，雖然清除正式指導卻消除了重大的官僚主義障礙，但這並不意味著“任何事情都會發生”。銀行仍然必須遵守有關風險管理，反洗錢（AML）合規性和整體運營安全的更廣泛的監督期望。實際上，美聯儲表示，它將通過標準監督繼續監視加密資產的活動，這意味著使用XRP的銀行必須做好準備以表現出合理的實踐和在定期檢查期間的風險緩解策略。

Is This a Green Light for XRP Adoption?

這是XRP採用的綠燈嗎？

This regulatory shift could be seen as an encouraging sign for altcoins like XRP. Banks now have greater autonomy to engage with digital assets without facing automatic regulatory roadblocks.

這種法規轉變可以看作是XRP等山寨幣的令人鼓舞的信號。現在，銀行擁有更大的自主權來與數字資產互動，而無需面對自動監管障礙。

Moreover, institutions like Ripple, the company behind XRP, have long been positioning themselves as a bridge between traditional finance and crypto, and this change could enhance the attractiveness of using XRP for institutional applications.

此外，XRP背後的公司像Ripple這樣的機構長期以來一直將自己定位為傳統金融和加密貨幣之間的橋樑，這種變化可以增強使用XRP用於機構應用程序的吸引力。

Yet caution remains crucial. Banks are likely to move incrementally, beginning with pilot programs and limited-scope initiatives before they embrace full-scale crypto integration.

然而，謹慎仍然至關重要。銀行可能會逐步發展，從試點計劃和有限責任計劃開始，然後才能接受全面的加密整合。

Additionally, legal clarity surrounding XRP — particularly its classification as a security or non-security — remains a lingering factor that banks will continue to watch closely as they make decisions about using specific digital assets.

此外，圍繞XRP的法律清晰度（尤其是其作為安全性或非安全性）仍然是一個揮之不去的因素，銀行將在決定使用特定數字資產的決定時繼續關注。

In essence, this regulatory shift appears to be softening the tone and reducing the administrative burden, but it does not dismantle the core expectations for sound risk management and compliance, which are still paramount.

從本質上講，這種監管轉變似乎正在減輕語調並減輕行政負擔，但並不能消除對聲音風險管理和合規性的核心期望，這仍然至關重要。