美联储撤回指导后，银行可以使用山寨币吗？

2025年4月24日，美联储宣布了一个重大转变：它正式撤回了对与加密资产和美元代币活动有关的银行的先前指南。

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.

尘埃落定在2025年4月24日定居，因为美联储委员会退缩了州成员银行对加密资产和美元代币活动的事先指南。这激发了财务和加密货币界之间的对话，尤其是关于XRP等著名山寨币的影响。

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.

该董事会正在回滚2022年和2023年的监督信，这些信件对从事加密资产和美元代币活动的州成员银行提出了具体期望。

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.

具体而言，这些信件概述了银行应提供预先通知并从联邦储备中获得无异议，然后再与加密资产或美元代币交往。

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，美联储现在正在删除此框架和转移以通过正常的监督过程监视加密资产的活动，这更灵活且侵入性较低。这种变化是更广泛的努力的一部分，以使法规适应不断发展的金融创新，同时保持银行系统的安全性和健全性。

What This Means for XRP

这对XRP意味着什么

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:

随着事先指导的撤销，不再需要银行寻求涉及数字资产的活动（包括XRP）的活动。从理论上讲，这为银行打开了更宽的门，可以使用XRP和类似的加密货币探索，尤其是在诸如以下角色之类的角色中。

• Liquidity management

•流动性管理

• Cross-border payments

•跨境支付

• New financial products

•新金融产品

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，虽然清除正式指导却消除了重大的官僚主义障碍，但这并不意味着“任何事情都会发生”。银行仍然必须遵守有关风险管理，反洗钱（AML）合规性和整体运营安全的更广泛的监督期望。实际上，美联储表示，它将通过标准监督继续监视加密资产的活动，这意味着使用XRP的银行必须做好准备以表现出合理的实践和在定期检查期间的风险缓解策略。

Is This a Green Light for XRP Adoption?

这是XRP采用的绿灯吗？

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.

这种法规转变可以看作是XRP等山寨币的令人鼓舞的信号。现在，银行拥有更大的自主权来与数字资产互动，而无需面对自动监管障碍。

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背后的公司像Ripple这样的机构长期以来一直将自己定位为传统金融和加密货币之间的桥梁，这种变化可以增强使用XRP用于机构应用程序的吸引力。

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，谨慎仍然至关重要。银行可能会逐步发展，从试点计划和有限责任计划开始，然后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，围绕XRP的法律清晰度（尤其是其作为安全性或非安全性）仍然是一个挥之不去的因素，银行将在决定使用特定数字资产的决定时继续关注。

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.

从本质上讲，这种监管转变似乎正在减轻语调并减轻行政负担，但并不能消除对声音风险管理和合规性的核心期望，这仍然至关重要。