📣 Fed Pulls Back on Crypto Restrictions—Banks Cleared for Takeoff
Big shift from the U.S. Federal Reserve: it’s rescinded previous guidance that discouraged banks from engaging in crypto and stablecoin activities.
🔹 2022 crypto activity pre-reporting rule? Gone.
🔹 2023 stablecoin supervision framework? Also gone.
🔹 Banks will now be monitored through normal supervisory channels, just like any other activity.
This marks a coordinated move with the FDIC and OCC, as they also rolled back old statements warning against crypto exposure.
🗣️ Fed: “We’re open to supporting innovation—including crypto.”
📈 Michael Saylor: “Banks are now free to begin supporting Bitcoin.”
TL;DR:
Traditional banks just got the greenlight. The Fed’s foot is off the brake. Crypto rails are officially open.
#EthereumFuture #BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #CryptoMarketCapBackTo$3T
Big shift from the U.S. Federal Reserve: it’s rescinded previous guidance that discouraged banks from engaging in crypto and stablecoin activities.
🔹 2022 crypto activity pre-reporting rule? Gone.
🔹 2023 stablecoin supervision framework? Also gone.
🔹 Banks will now be monitored through normal supervisory channels, just like any other activity.
This marks a coordinated move with the FDIC and OCC, as they also rolled back old statements warning against crypto exposure.
🗣️ Fed: “We’re open to supporting innovation—including crypto.”
📈 Michael Saylor: “Banks are now free to begin supporting Bitcoin.”
TL;DR:
Traditional banks just got the greenlight. The Fed’s foot is off the brake. Crypto rails are officially open.
#EthereumFuture #BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #CryptoMarketCapBackTo$3T