Bitcoin advances after the Fed's turn that opens the door to banks.

The adoption of Bitcoin (BTC) in the United States could experience a new boost following the Federal Reserve's decision to withdraw its 2022 guidance that discouraged banks from participating in activities related to cryptocurrencies and stablecoins. This regulatory change opens the door for traditional financial institutions to directly engage in the crypto market.

The withdrawn guidance warned that digital assets could represent risks both for investors and for the stability of the U.S. financial system. However, the removal of that restriction triggered an immediate positive reaction in the market and reinforced the perception that the regulatory environment might be changing.

Michael Saylor, co-founder of Strategy —the company that holds the largest amount of Bitcoin among publicly traded firms— stated:

"Banks are now free to start supporting Bitcoin"

The publication of his statement on social media further boosted enthusiasm among investors in the crypto ecosystem.