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Fed Drops Crypto Banking Warnings—Wall Street’s Compliance Teams Just Got Lighter
Fed Drops Crypto Banking Warnings—Wall Street’s Compliance Teams Just Got Lighter
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In a move that’ll have bankers high-fiving over martinis, the Federal Reserve joined the OCC and FDIC in rescinding old crypto guidance for U.S. banks. No more ominous ’proceed with caution’ memos—just regulators quietly backing away from the blockchain punch bowl.
The 180 comes as institutions increasingly demand clearer rules (or at least fewer landmines) for digital asset custody and trading. Critics whisper this is less about ’regulatory clarity’ and more about banks not wanting to miss the next speculative frenzy—sorry, ’emerging asset class opportunity.’
One thing’s certain: When the Fed stops warning about crypto risks, it’s either a sign of maturity... or the calm before the next spectacular meltdown.
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