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🏦 ATTENTION BANKS REGARDING CRYPTO ACCESS TO THE FED
The US banking lobby has warned that **conditional licenses** related to projects still under discussion (such as the GENIUS bill) may allow crypto companies **to access the Fed before regulatory norms are finalized**.
📌 Why this is important: direct access to the Fed could **change the payment infrastructure** — fewer intermediaries (SWIFT, correspondent banks) and more native on-chain settlements. This redistributes power between traditional banks and crypto players, with structural implications for the financial system.