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The Federal Reserve of the United States has retreated; the doors of banks have opened to crypto!

The Federal Reserve officially canceled the anti-crypto guidelines from 2022 and 2023. These guidelines forced banks to notify authorities before engaging in any activities related to crypto and stablecoins.

From now on, crypto-related activities will be reviewed under the normal supervision of the Federal Reserve.

Statements prohibiting banks from collaborating with companies suspected of crypto fraud have also been discarded.

This retreat is the first serious step of the Trump administration to support innovation in the realm of digital assets and to open the way for banks into the crypto world.

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