❗️🇺🇸 The Fed announced the closure of its program to monitor the activities of banks in the cryptocurrency sector (Reuters)

«Novel activities supervision» was launched in 2023 to assess risks and regulate the interaction of banks with new technologies.

Now the Fed integrates this control into standard banking supervision procedures, there will be no more separate monitoring of cryptocurrency and fintech operations.

@BitlayerLabs #MarketTurbulence #HotJulyPPI #REVABinanceTGE #DeFiGetsGraded #DeFiGetsGraded $BTC $ETH $BNB