đŁ Fed Pulls Back on Crypto RestrictionsâBanks Cleared for Takeoff
Big shift from the U.S. Federal Reserve: itâs rescinded previous guidance that discouraged banks from engaging in crypto and stablecoin activities.
đč 2022 crypto activity pre-reporting rule? Gone.
đč 2023 stablecoin supervision framework? Also gone.
đč 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.
đŁïž Fed: âWeâre open to supporting innovationâincluding crypto.â
đ Michael Saylor: âBanks are now free to begin supporting Bitcoin.â
TL;DR:
Traditional banks just got the greenlight. The Fedâs foot is off the brake. Crypto rails are officially open.
#EthereumFuture #BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #CryptoMarketCapBackTo$3T
Big shift from the U.S. Federal Reserve: itâs rescinded previous guidance that discouraged banks from engaging in crypto and stablecoin activities.
đč 2022 crypto activity pre-reporting rule? Gone.
đč 2023 stablecoin supervision framework? Also gone.
đč 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.
đŁïž Fed: âWeâre open to supporting innovationâincluding crypto.â
đ Michael Saylor: âBanks are now free to begin supporting Bitcoin.â
TL;DR:
Traditional banks just got the greenlight. The Fedâs foot is off the brake. Crypto rails are officially open.
#EthereumFuture #BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #CryptoMarketCapBackTo$3T