🏦 U.S. Banking & Crypto Policy Federal Reserve / Jerome Powell Remarks Federal Reserve Chair Jerome Powell has stated that U.S. banks can serve legal cryptocurrency customers — including custody and other services — as long as the banks manage risk responsibly. This message was highlighted by industry news outlets as indicating a more accommodating regulatory stance toward crypto services at traditional banks. � Coinfomania A recent post quoting Powell’s comments noted: “Banks are well equipped to serve crypto-related clients.” However, the context from Powell’s remarks and regulatory clarifications is that banks must still observe safety, soundness, and risk management practices in providing such services. � Binance +1 Broader Regulatory Trends U.S. banking regulators, including the Office of the Comptroller of the Currency (OCC), have reaffirmed that various crypto-related activities are permissible for national banks under appropriate conditions, without requiring special prior notification. This has been characterized as reducing uncertainty about bank engagement in digital asset services. � LinkedIn Other policy updates — such as conditional approvals of national trust bank charters for crypto firms — underscore the evolving regulatory landscape where crypto and traditional banking are increasingly overlapping. � Banking Dive Market Context These regulatory developments occur against a backdrop where bank adoption of crypto services is expanding — for example, partnerships betwe$BTC $ETH en traditional banks and crypto platforms to offer custody or trading infrastructure. � Webull$
📢 New Development in the Crypto Space: Jane Street Lawsuit Update On February 23, 2026, the bankruptcy administrator for Terraform Labs filed a lawsuit in Manhattan federal court against the trading firm Jane Street and several individuals. The complaint alleges that Jane Street used non‑public information to trade ahead of the Terraform/Luna ecosystem collapse in May 2022, which wiped out over $40 billion in value. � The Block +1 According to the filing, the suit claims that on May 7, 2022, Terraform withdrew a large amount of TerraUSD from a liquidity pool without public notice, and within about 10 minutes a wallet linked to Jane Street made a related withdrawal. The complaint argues this timing and information advantage contributed to selling pressure that worsened the crisis. Jane Street has denied the allegations, calling the lawsuit “baseless” and saying it will defend itself vigorously. � The Block +1 This lawsuit specifically focuses on alleged insider trading related to the 2022 collapse and does not prove market manipulation of Bitcoin or other assets in 2026. While some traders on social platforms have noted patterns in Bitcoin price movement since the lawsuit, no regulator or independent authority has confirmed that Jane Street manipulated Bitcoin prices around 10 AM ET or caused recent price moves. � web.ourcryptotalk.com 🧠 Key points that are verified: • Terraform Labs’ liquidation administrator sued Jane Street on alleged insider trading tied to the 2022 Terra‑Luna collapse. � • The complaint cites timing of specific trades involving TerraUSD that occurred shortly after internal Terraform activity. � • Jane Street has publicly denied wrongdoing, calling the claims opportu$BTC $ETH $BNB nistic and disputing responsibility for Terra’s collapse. �$