In a major development for the digital asset space, Federal Reserve Chairman Jerome Powell has confirmed that U.S. banks are now authorized to offer services related to cryptocurrencies — including $XRP
XRP. This decision signals a significant shift in regulatory stance and marks a crucial step toward integrating crypto into the traditional financial system.
The announcement is being hailed as a breakthrough for the industry, offering long-awaited regulatory clarity that could accelerate mainstream adoption. For XRP, which has long been entangled in legal and regulatory uncertainties, this could be the boost needed to regain momentum and potentially revisit previous highs.
Market sentiment has turned optimistic in light of Powell’s remarks, with many viewing this as a bullish indicator for the broader crypto market. As financial institutions begin to embrace digital assets more openly, the stage may be set for a new era of growth and innovation within the sector.