š£ Forget rate cuts Powell just dropped a regulatory earthquake for crypto while defying Trumpās pressure. Hereās whatās REALLY unfolding:
š¦ 1. Bankingās Crypto Green Light (The Silent Revolution)
Fed SCRAPS 2022/2023 anti crypto guidance banks NO longer need Fed approval for crypto/dollar token activities .
Major shift: Fed now monitors crypto via "normal supervision" (not pre approvals) freeing banks like JPMorgan, BofA to dive into crypto custody, stablecoins, and tokenization .
Why it matters: Banks were terrified of Fed pushback. Now, Powell declares: "Banks get to decide their crypto customers" .
š£ļø 2. Powellās Jaw Dropping Testimony
On crypto bills: āItās a great thing... We need a stablecoin frameworkā direct endorsement of pending US crypto legislation .
Hidden truth: This kills the SECās war on crypto. Fedās move aligns with SECās recent retreat like dropping cases against Coinbase and greenlighting Bitcoin ETFs .
āļø 3. Powell vs Trump: The $10T Standoff
Trump DEMANDS rate cuts (to boost stocks and cut debt costs) but Powell REFUSES, citing tariff inflation risks .
Powellās grenade: āWe donāt consider politicsā even as Trump calls him ādumb, hardheadedāon Truth Social .
Crypto twist: Powellās independence shields crypto from political meddling. No puppet.
š® Whatās Next? (Critical Timeline)
Stablecoin bill: Fedās backing could fast track law by 2025 unlocking US regulated stablecoins .
Bank crypto services: Expect announcements from major banks by Q4 2025.
Rate cuts? Only if inflation tanks (unlikely with tariffs). Powellās patience = cryptoās stability .
ā ļø The Bottom Line
Powell isnāt just ābacking billsā heās dismantling the Fedās anti crypto firewall. Banks are now the gatekeepers. This is institutional adoption on steroids.
āWithout price stability, we canāt achieve long term growth.ā Powellās crypto adjacent warning to Congress .
#CryptoRevolution #BankingCrypto #Powell #StablecoinBill #TrumpVsFed
Sources: MrXLove š¤ššš½, Fed statements , CoinDesk , CNBC , Jones Day
