⛔️The US Federal Reserve has lifted restrictions for banks on working with cryptocurrencies.

The most interesting part of this news: The statement notes that the policy review is aimed at supporting innovation in the banking sector. Again, the old men in ties will become even richer, although how much money do they need? 😃

The Federal Reserve System of the United States (Fed) has canceled previously existing requirements that limited banks' participation in operations with cryptocurrencies and stablecoins. The regulator withdrew the supervisory letter from 2022 that required banks to notify in advance about plans to work with crypto assets and the 2023 requirements for a separate procedure for approving operations with stablecoins. Now, banks' activities with crypto assets will be monitored as part of the regular supervisory process.#FamaNews