🚨Breaking News! The Federal Reserve empowers banks to engage in cryptocurrency, the era of open cryptocurrency in the US has arrived!
The Federal Reserve has suddenly 'changed its tune'! It has recently announced the repeal of the 2022 requirement for banks to report their participation in cryptocurrency activities in advance, meaning — banks can now more freely engage in the field of digital currencies such as Bitcoin and stablecoins, without the need for multiple layers of approval!
Even more astonishing, the regulatory letter from 2023 that restricted banks' participation in dollar tokens (stablecoins) has also been revoked, signaling a major shift in the US regulatory stance towards the cryptocurrency industry!
Not only the Federal Reserve, but the Office of the Comptroller of the Currency (OCC) has also eased its stance, expressing support for banks to participate in cryptocurrency, and is working with agencies like the SEC to develop new regulations that will comprehensively 'unshackle' the industry!
Behind this is the effectiveness of the 'Anti-Bottleneck Initiative' promoted by the Trump administration — the SEC has abandoned the Ripple lawsuit, cases involving exchanges like Coinbase and Uniswap have been settled, and the new chairman has stated: Bitcoin is the top priority!
What was once seen as a 'cryptocurrency killer' in the form of regulatory hurdles is quietly transforming into a 'cryptocurrency booster'! The American version of the cryptocurrency spring has truly arrived!
