Bitcoin News

Story: Fed Approves Crypto Banking Support – Boost for Bitcoin

By James Thorp

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The Shift in Fed’s Crypto Stance. For the past few years, U.S. regulators, including the Federal Reserve, the FDIC (Federal Deposit…

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Industry Reactions: A Win for Bitcoin?. The Fed’s decision was met with positive reactions across the crypto space.

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A Note of Caution: One Guideline Remains. Despite the positive developments, Caitlin Long, founder of Custodian Bank, cautioned that the Fed…

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A Broader Shift in Regulatory Attitudes. The Fed’s stance is part of a broader shift in regulatory attitudes toward crypto.

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Conclusion. The Federal Reserve’s decision to allow banks to support crypto and stablecoin activities is seen…

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In a significant move, the U.S. Federal Reserve has rolled back previous anti-crypto guidance, now permitting banks to engage in crypto and stablecoin activities.

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For the past few years, U.S. regulators, including the Federal Reserve, the FDIC (Federal Deposit Insurance Corporation), and the OCC (Office of the Comptroller of the Currency),…

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While this change allows banks to support crypto-related activities, including stablecoins, the Fed clarified that regular banking oversight will still apply.

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The Fed’s decision was met with positive reactions across the crypto space. Michael Saylor, founder of Strategy (formerly MicroStrategy), hailed the move as particularly…

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On the other hand, Alex Svanevik, CEO of blockchain analytics firm Nansen, emphasized that the decision was favorable for banks looking to enter the stablecoin market.

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Despite the positive developments, Caitlin Long, founder of Custodian Bank, cautioned that the Fed did not rescind all anti-crypto measures.

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The Fed’s stance is part of a broader shift in regulatory attitudes toward crypto. Earlier this year, the OCC also signaled a more pro-crypto approach, giving banks the green…

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Under the Trump Administration, the sector experienced a period of much-needed regulatory relief, and this latest Fed decision appears to continue that trend.

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The Federal Reserve’s decision to allow banks to support crypto and stablecoin activities is seen as a positive development for the crypto market, particularly for Bitcoin.

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