In a joint statement that aims to highlight crypto risks, the Federal Reserve Banks nonetheless made it clear that commercial banks can provide crypto related services.
“Banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation,” the Federal Reserve Banks said alongside other entities that supervise commercial banks as well as the monetary system.
Source: https://www.trustnodes.com/2023/01/04/fed-allows-banks-to-crypto