Fed Drops Crypto Banking Warnings—Wall Street’s Compliance Teams Just Got Lighter
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 ’special scrutiny’ shackles—just don’t blow up the financial system, okay?
Regulators pivot from ’proceed with caution’ to ’figure it out yourselves.’ Because nothing inspires confidence like watching watchdogs retract their own warnings.
Bonus jab: Somewhere in Manhattan, a compliance officer just canceled their 3pm Xanax refill.