Shen Ge has a major announcement for everyone today: The Federal Reserve has just removed a significant burden from the banks! Just last Friday, the Federal Reserve suddenly announced the termination of special regulatory programs for cryptocurrencies and other "new activities". What does this mean? Let Shen Ge break it down for you.
When regulators start to remove their 'colored glasses', it often indicates that the industry is growing from a rebellious youth to a reliable adult. The Federal Reserve's 180-degree turn hides three key signals!
First layer of deep meaning: Banks can now openly engage in cryptocurrency. Do you remember the 'special task force' that focused on cryptocurrencies in banks in 2023? The Federal Reserve has now sent it to the history museum. This is not just a simple policy adjustment; it is an official endorsement: after more than a year of close observation, they have finally understood the big picture of blockchain. In the words of the announcement, they have 'figured out the way'; henceforth, banks can conduct cryptocurrency business just like opening credit card services, following regular procedures.
Second layer of deep water bomb: Risk management has become a consensus. Pay attention to this key statement in the announcement: 'Deepened understanding of related risks and banking management practices.' In plain language, it means: major banks now know how to make money while staying compliant in the cryptocurrency space. It's like getting a driver's license; beginners need a coach to supervise, while experienced drivers can drive safely on their own. The Federal Reserve now believes that the banks are 'experienced drivers'.
Third layer of industry insights: The process of compliance is accelerating. The revocation of the 2023 regulatory letter is equivalent to issuing a 'good person card' to the entire industry. But Shen Ge wants to remind everyone: this is not a relaxation of regulation, but rather the inclusion of cryptocurrency business into the regulatory framework of traditional finance. From now on, banks engaging in cryptocurrency will have to undergo regular inspections just like foreign exchange trading or stock underwriting. Those projects waiting to exploit loopholes can sleep tight.
[Trend Prediction] This policy shift will trigger three chain reactions:
The speed of traditional financial institutions entering the market will double.
Compliant stablecoins like USDC will enter a golden period.
The threshold for cooperation between exchanges and banks will be lowered.
Shen Ge's final heartfelt words: When the Federal Reserve begins to view cryptocurrency with a calm mindset, this industry can be said to have truly emerged from its adolescence. But remember, the more formalized the market, the more it relies on real skills; the good days for those air coins and Ponzi schemes are truly over!
All myths of sudden wealth begin with a fear of risk! For practical insights in the crypto space, follow me to learn more. Deployment of potential hundred-fold coins in a bull market and daily releases of spot contract tracking, scan the QR code below to join the circle of tens of millions.
