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Policy Shift: The Federal Reserve's 'Withdrawal Order' Sparks a Frenzy in the Cryptocurrency Circle
"We are not authorized to buy Bitcoin, but we are dismantling barriers for the crypto world." — Powell clearly stated for the first time during a congressional hearing on June 25.
Recently, the Federal Reserve announced the withdrawal of multiple regulatory guidelines regarding cryptocurrencies that have been in place since 2018, including the 'strangling' policy requiring banks to report 45 days in advance before engaging in cryptocurrency business.
This means:
Banks can freely participate in the cryptocurrency market, from custody of Bitcoin to issuing stablecoins, without needing to apply to regulators layer by layer.
Traditional financial institutions are accelerating their entry, and giants like JPMorgan and Standard Chartered may massively invest in crypto assets.
Regulatory logic has transformed from "strict prevention" to "innovation inclusion with controllable risks."
Market reaction: Bitcoin soared 8% in a single day, and institutional stocks like those of Guotai Junan International, which received licenses, surged nearly 200% in one day.
#BTC
"We are not authorized to buy Bitcoin, but we are dismantling barriers for the crypto world." — Powell clearly stated for the first time during a congressional hearing on June 25.
Recently, the Federal Reserve announced the withdrawal of multiple regulatory guidelines regarding cryptocurrencies that have been in place since 2018, including the 'strangling' policy requiring banks to report 45 days in advance before engaging in cryptocurrency business.
This means:
Banks can freely participate in the cryptocurrency market, from custody of Bitcoin to issuing stablecoins, without needing to apply to regulators layer by layer.
Traditional financial institutions are accelerating their entry, and giants like JPMorgan and Standard Chartered may massively invest in crypto assets.
Regulatory logic has transformed from "strict prevention" to "innovation inclusion with controllable risks."
Market reaction: Bitcoin soared 8% in a single day, and institutional stocks like those of Guotai Junan International, which received licenses, surged nearly 200% in one day.
#BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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