On November 23, 2021, the federal bank regulators released a joint statement summarizing the work undertaken so far with respect to the agencies’ so-called “policy sprint” regarding crypto-assets. The statement notes a focus on advancing the agencies’ understanding of banks’ potential involvement in crypto-asset-related activities and identifies a number of areas where the agencies intend to provide additional regulatory clarity in 2022. These areas include the permissibility of crypto-asset-related activities and the agencies’ expectations with respect to those activities.