BULLISH
๐บ๐ธ Powell Opens Door for Banks in Crypto!
Big news for the crypto world: Federal Reserve Chair Jerome Powell confirms U.S. banks can now offer crypto-related services, as long as they follow strict risk and compliance rules.
This clears the way for traditional financial institutions to explore blockchain services โ custody, payments, and more โ without regulatory uncertainty.
๐น Key Points
Banks can serve crypto clients and participate in on-chain markets.
This doesnโt mean banks are buying Ethereum directly โ itโs about a legal and structured pathway.
A clearer framework could lead to more institutional involvement in crypto over time.
โก Why It Matters: Regulatory clarity = bigger players can step in safely. While ETH or other crypto prices arenโt guaranteed to skyrocket, this is a positive structural step for the market.
โ ๏ธ Disclaimer:
This post is for informational purposes only. It does not constitute financial advice or a recommendation to buy, sell, or trade any cryptocurrency. Cryptocurrency investments carry high risk, and readers should do their own research before making any decisions.
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