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🇺🇸 BREAKING: FED DITCHES CRYPTO RED TAPE, TELLS BANKS "GO AHEAD AND INNOVATE"
The Federal Reserve just scrapped its restrictive crypto guidance that forced banks to get special permission before touching digital assets, opening the regulatory floodgates for traditional finance to enter the crypto space.
In a sweeping Thursday announcement, the Fed rescinded multiple supervisory letters from 2022-2023 that created major roadblocks for banks interested in crypto and stablecoin activities.
The coordinated action with the FDIC and OCC signals a dramatic shift in how regulators view crypto, moving from hostile skepticism to cautious innovation support - a major victory for financial institutions eager to explore blockchain opportunities.