Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.

The regulators have withdrawn several statements regarding banks’ crypto-related activities in an effort to support innovation and clarify current policies.

U.S. banking regulators on Thursday rescinded multiple guidance documents that had previously urged caution in crypto-related activities, according to Reuters. The Federal Reserve withdrew two supervisory letters requiring banks to seek approval before engaging with crypto-assets and stablecoins.