🚨 BREAKING: The Fed has reversed a key anti crypto stance 🇺🇸
The Federal Reserve has officially pulled its 2023 guidance that effectively prevented uninsured banks from joining the Fed and taking part in crypto related activities
Why this is important
✅ That guidance was used to block Custodia Bank from getting a Fed master account
✅ It restricted how state chartered banks under Fed supervision could interact with digital assets
✅ It was stricter than the rules enforced by other banking regulators
That rule is now removed
The Fed says it will introduce a new framework focused on supporting responsible innovation while maintaining bank safety and stability
This does not mean crypto banks are instantly approved but it removes a major regulatory barrier that was previously used to keep them out
Credit Eleanor Terrett$BTC
