🚨 The Federal Reserve Blinks — A Major Anti-Crypto Rule Is Gone 🇺🇸
The Fed has withdrawn its 2023 guidance that effectively blocked uninsured banks from joining the Fed system and engaging in crypto activity.
Why this is big 👇
• That rule was used to deny Custodia Bank a Fed master account
• It severely limited what state-chartered banks could do with digital assets
• It went further than other banking regulators
Now? It’s gone
The Fed says a new framework is coming — one that allows “responsible innovation” while keeping banks safe.
This doesn’t instantly greenlight crypto banks.
But it removes a key regulatory weapon that was used to shut them out.
Markets are watching closely.
risk assets are back in focus 👀📊
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