【Did the Federal Reserve finally back down? 30 confidential documents exposed, traditional finance's 'iron door' is opening for Crypto!】
Last night’s big news: The Federal Reserve received nearly 30 opinions, focused on one issue—should cryptocurrency and fintech companies be allowed direct access to the U.S. payment system! The Blockchain Payment Alliance directly stated: “This is a necessary step and it’s too late!”
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What does it mean? Simply put, previously Crypto companies were like “external personnel,” and all transfers and settlements had to go through traditional banks. If the Federal Reserve opens this door, it’s equivalent to giving them a “formal badge,” allowing direct connection to the Federal Reserve's payment backbone network. This is not just a technical connection but also an identity recognition!
What’s even tougher is that this move could directly promote the implementation of regulatory frameworks for stablecoins like the 'GENIUS Act'. Everyone in the circle knows that compliant channels are more important than technological breakthroughs—RWA, stablecoins, and even the entire DeFi explosion might just be missing this “official lifeline.”
But don’t rush into FOMO. The key question remains: How high will the Federal Reserve set the thresholds? Will big banks secretly oppose it? How will systemic risks be controlled? There must be a lot of game details in these 30 documents.
My judgment: The trend is unstoppable. From PayPal stablecoins to BlackRock entering the market, the walls of traditional finance are gradually becoming bridges. 2024 could be the real year of fusion between Crypto and TradFi.
Do you think this 'opening door' is promising? Which type of projects do you think will explode first? Let's discuss in the comments! 👇
