$BTC $TRUMP The Federal Reserve lifts restrictions on cryptocurrencies for banks The Federal Reserve, along with the FDIC and OCC, has revoked guidelines limiting banks' activities regarding cryptocurrency assets. Chairman Jerome Powell emphasized a balanced approach supporting innovation while maintaining security. This aligns with the current administration's goal of encouraging the legal involvement of banks in the blockchain sectors.

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This move is expected to significantly change institutional behaviors, potentially increasing participation in cryptocurrency custody and trading. Increased regulatory clarity seems poised to boost market optimism, as evidenced by the rising price trends of Bitcoin and Ethereum following the announcement.