I don’t understand why many people are not interested in this information. I believe that lifting the banking restrictions on crypto accounts created during the Biden era lays the foundation for creating a new bull market peak in the future.
KZG Crypto
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The Federal Reserve's Sudden Closure of the Crypto Regulation Project Sends a Major Signal
The Federal Reserve announced the closure of a new activity regulation project established in 2023, which specifically monitored bank crypto activities. At the same time, the SEC's new chairman launched 'Project Crypto' to strengthen industry guidance. Behind this seemingly contradictory action lies a significant shift in the U.S. crypto regulatory policy. This moment is quite intriguing. Shortly after Trump took office, he began to deliver on promises of crypto-friendly policies. The Federal Reserve closed a specialized crypto regulation project, which on the surface seems to streamline the organization, but in reality, it is a loosening of restrictions for banks. It is essential to know that when this project existed, banks had to jump through numerous hoops to engage in crypto business, with approval processes so complicated that it was frustrating. Now, the shackles are removed, and banks can embrace crypto with open arms. This is a massive boon for the entire industry.
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