The Fed just blinked. Their retreat from stringent crypto guidance for banks – specifically, rescinding those 2022 and 2023 supervisory letters – might seem like dry regulatory housekeeping. But for a community often overlooked, this shift could be a lifeline: Southeast Asian artists diving into the Web3 space.Forgotten Voices, Finally...
The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) recently announced the withdrawal of previously issued guidance concerning banks' involvement with crypto-assets. The American Bankers Association (ABA) applauded the announcement. It withdraws a 2022 supervisory letter that called on state member banks to inform the Fed prior to...
The Federal Reserve has recently gone out on a limb. Its reverberations are rippling across the financial landscape, deeply affecting one of the most dynamic spaces, the burgeoning cryptocurrency industry. The Fed has rescinded its supervisory guidance letter to banks it supervises discouraging their participation in activities related to crypto-assets....
Did the Fed just open Pandora's Box? It certainly feels that way. The recent withdrawal of crypto guidance for banks – the rescinding of those 2022 and 2023 supervisory letters, the backing away from joint statements with the FDIC and OCC – screams one thing: the potential for a regulatory...
With markets changing, crypto investors have their work cut out for them. To do it, they have to face a challenging trifecta of Federal Reserve policy, fluctuating tariffs, and shifting crypto regulations. A U.S. recession does not seem far away. What matters most is getting a grasp on how these...
