【Significant Positive News】

In the latest congressional hearing, Federal Reserve Chairman Jerome Powell clearly stated that the Federal Reserve does not oppose American banks providing services to cryptocurrency companies and investors, as long as they comply with existing risk management and consumer protection requirements. At the same time, the Federal Reserve has removed "reputation risk" from the bank regulatory manual, reducing the space for blanket refusals of cryptocurrency business due to "image issues".

This means:

Compliant banks can more boldly provide accounts, clearing, and custodial services for exchanges, custodians, funds, etc.;

The long-standing pressure of "de-banking" on the cryptocurrency industry is expected to ease, further connecting traditional finance with the cryptocurrency world;

The compliant channels for institutional funds entering the cryptocurrency market are being formally confirmed, which is a medium- to long-term benefit for the adoption and liquidity of mainstream assets like Bitcoin.

The regulatory authorities have not issued a "red light" for cryptocurrency, but rather provided a signal of "what can be done" after clarifying the rules. Do you think this is one of the key catalysts for the next round of market trends?