In Washington, a voice was raised in favor of the crypto industry: a senior official of the U.S. Federal Reserve, Nellie Liang, the director of supervision, advised crypto companies to actively obtain banking licenses. According to her remarks at the Brookings Institution conference in December 2025, restrictions on access to banking services make the crypto market "outlaws," which harms innovation and stability. "Crypto firms must integrate into the traditional financial system rather than evade regulation," Liang emphasized.
This statement comes against the backdrop of the rising crypto market: Bitcoin has reached $92,000, and the total capitalization is $3 trillion. The Federal Reserve and OCC (Office of the Comptroller of the Currency) are already issuing licenses to stablecoin issuers like Circle and Paxos. Willy emphasized the risks: without oversight, crypto could become a source of systemic threats, similar to the FTX collapse in 2022. However, licensing will enhance investor trust and facilitate integration with DeFi.
The Biden administration, despite criticism, is pushing the FIT21 Act, which balances innovation with protection. The crypto lobby, including Coinbase, welcomes the initiative but fears excessive bureaucracy. Experts predict that by 2027, 30% of crypto companies will have banking statuses.
Will this be a catalyst for "crypto banking"? Stay tuned for updates!
Subscribe to #MiningUpdates to not miss the latest news from the world of mining and crypto!
#CryptoRegulation #BankingLicense #USFinancialPolicy #Stablecoins #DeFiIntegration #BlockchainAdoption
