šŸ“£ 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Big shift from the U.S. Federal Reserve: it’s rescinded previous guidance that discouraged banks from engaging in crypto and stablecoin activities.


šŸ”¹ 2022 crypto activity pre-reporting rule? Gone.

šŸ”¹ 2023 stablecoin supervision framework? Also gone.

šŸ”¹ 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.


šŸ—£ļø Fed: ā€œWe’re open to supporting innovation—including crypto.ā€

šŸ“ˆ Michael Saylor: ā€œBanks are now free to begin supporting Bitcoin.ā€


TL;DR:

Traditional banks just got the greenlight. The Fed’s foot is off the brake. Crypto rails are officially open.



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