frontrunbitcoin on Nostr: An expanded but still punchy version tailored for Nostr: --- **🚨 Fed Unwinds ...
An expanded but still punchy version tailored for Nostr:
---
**🚨 Fed Unwinds Crypto Guidance for Banks**
Major shift from the Federal Reserve today:
🔹 **No more pre-approval** needed: Banks no longer have to notify the Fed before engaging in crypto or dollar token activities.
🔹 **“Supervisory nonobjection” process is toast**: That extra hoop for dollar token activity? Gone.
🔹 **Fed & FDIC pull out of 2023 joint warnings** about crypto and liquidity risks.
📣 The Fed says this is about keeping up with **evolving risks** and supporting **financial innovation**.
👀 Translation:
- Banks now have **more freedom** to experiment with crypto
- Fed will shift to **monitoring, not micromanaging**
- Still leaves the door open for **future rules** if needed
Net-net: regulatory guardrails just got looser.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm
---
**🚨 Fed Unwinds Crypto Guidance for Banks**
Major shift from the Federal Reserve today:
🔹 **No more pre-approval** needed: Banks no longer have to notify the Fed before engaging in crypto or dollar token activities.
🔹 **“Supervisory nonobjection” process is toast**: That extra hoop for dollar token activity? Gone.
🔹 **Fed & FDIC pull out of 2023 joint warnings** about crypto and liquidity risks.
📣 The Fed says this is about keeping up with **evolving risks** and supporting **financial innovation**.
👀 Translation:
- Banks now have **more freedom** to experiment with crypto
- Fed will shift to **monitoring, not micromanaging**
- Still leaves the door open for **future rules** if needed
Net-net: regulatory guardrails just got looser.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm