FEDERAL RESERVE REMOVES KEY BIDEN-ERA CRYPTO RESTRICTIONS

The Fed has dismantled two major crypto rules from 2022 and 2023, eliminating the need for banks to pre-announce crypto activities or seek “nonobjection” for working with dollar tokens.

Crypto oversight will now fall under standard bank supervision.

With the OCC and FDIC also reversing anti-crypto stances this month, U.S. banks may be on the brink of a full-scale move into Bitcoin, stablecoins, and Web3.

Source: @BTCTN