The Federal Reserve Board provided guidance to banking organizations on (i) supervision over "novel activities" and (ii) the process for state member banks to follow before engaging with dollar token or stablecoin activity.

In a report on the results of a "2022 Bank for International Settlements Survey on Central Bank Digital Currencies and Crypto" that covered 86 central banks, Bank for International Settlements highlighted that "93% of surveyed central banks are engaged in some form of CBDC work and more than half are running concrete experiments or working on pilots."

The Congressional Research Service found a limited relationship between the recent failures of Silicon Valley Bank, Signature Bank and Silvergate Bank, and their exposure to the crypto market.

Federal Reserve Board Governor Christopher J. Waller considered the risks and benefits of tokenization and artificial intelligence as they gain prominence within the banking industry.

In a working paper titled "Digital Currency and Bank Sector Stability," the Office of Financial Research found that when banks face financial friction, a central bank digital currency and other types of stablecoins would likely contribute to financial instability and increase the chances for banking sector crises and financial system distress.