Yessss, the news is huge! 😍 The US Federal Reserve has eased crypto restrictions for banks, allowing them to explore innovative activities like cryptocurrencies, as long as they meet risk-management standards. This move is expected to boost institutional adoption of Bitcoin and potentially drive growth ¹ ² ³.
BTCUSDT
Perp
69,001.3
+4.31%
ETHUSDT
Perp
2,059.41
+7.46%
SOL
84.38
+7.91%
The Office of the Comptroller of the Currency (OCC) has also clarified that national banks can hold crypto-assets on their balance sheets for operational purposes, like paying blockchain network fees. This is a significant step towards integrating crypto into regulated banking infrastructure ³.
Major banks like Bank of America, Citibank, and JPMorgan Chase are already working on launching stablecoins, expecting crypto-friendly regulations to progress ⁴.