Federal Reserve Chair Jerome Powell has recently signaled a shift in the central bank's stance, clarifying that banks are "perfectly able" to provide services to the cryptocurrency sector as long as they effectively manage risks in a "safe and sound" manner. This statement marked a significant change from previous years, as Powell emphasized that the Fed is not against innovation and wants to avoid "debanking" legal crypto customers due to excessive risk aversion. However, legendary financial analyst James Grant warned in a recent Kitco News interview that while eyes are on the banks, the "epicenter" of the next major financial crisis is more likely to be the life insurance sector. This growing systemic risk, coupled with multiple Federal Reserve rate cuts in 2025, has helped drive gold prices to historic all-time highs of approximately $4,400 per ounce.