Why did the Crypto market rise today❓

The Federal Reserve has revoked the guidelines issued in 2022 stating that "banks must notify in advance if they are going to engage in crypto activities."

This change is expected to make it easier for banks to comply with regulations and is also aimed at fostering innovation, leading to smoother operations.

With this new policy, state-member banks will be able to operate under standard oversight without needing pre-approval for crypto activities. This will encourage greater participation in the crypto sector.

While some may view this change positively, some regulatory guidelines still remain in place.

This news has caused the crypto market to rise.