🔥 Powell’s Crypto Bombshell: The Hidden Banking Revolution & Trump Showdown (BREAKING)
💣 Forget rate cuts Powell just dropped a regulatory earthquake for crypto while defying Trump’s pressure. Here’s what’s REALLY unfolding:
🏦 1. Banking’s Crypto Green Light (The Silent Revolution)
Fed SCRAPS 2022/2023 anti crypto guidance banks NO longer need Fed approval for crypto/dollar token activities .
Major shift: Fed now monitors crypto via "normal supervision" (not pre approvals) freeing banks like JPMorgan, BofA to dive into crypto custody, stablecoins, and tokenization .
Why it matters: Banks were terrified of Fed pushback. Now, Powell declares: "Banks get to decide their crypto customers" .
🗣️ 2. Powell’s Jaw Dropping Testimony
On crypto bills: “It’s a great thing... We need a stablecoin framework” direct endorsement of pending US crypto legislation .
Hidden truth: This kills the SEC’s war on crypto. Fed’s move aligns with SEC’s recent retreat like dropping cases against Coinbase and greenlighting Bitcoin ETFs .
♟️ 3. Powell vs Trump: The $10T Standoff
Trump DEMANDS rate cuts (to boost stocks and cut debt costs) but Powell REFUSES, citing tariff inflation risks .
Powell’s grenade: “We don’t consider politics” even as Trump calls him “dumb, hardheaded”on Truth Social .
Crypto twist: Powell’s independence shields crypto from political meddling. No puppet.
🔮 What’s Next? (Critical Timeline)
Stablecoin bill: Fed’s backing could fast track law by 2025 unlocking US regulated stablecoins .
Bank crypto services: Expect announcements from major banks by Q4 2025.
Rate cuts? Only if inflation tanks (unlikely with tariffs). Powell’s patience = crypto’s stability .
⚠️ The Bottom Line
Powell isn’t just “backing bills” he’s dismantling the Fed’s anti crypto firewall. Banks are now the gatekeepers. This is institutional adoption on steroids.
“Without price stability, we can’t achieve long term growth.” Powell’s crypto adjacent warning to Congress .
$XRP $BTC $ETH
#CryptoRevolution #BankingCrypto #Powell #StablecoinBill #TrumpVsFed
Sources: MrXLove 🤖👈👉👽, Fed statements , CoinDesk , CNBC , Jones Day