U.S. Fed Axes Crypto Oversight Group—Regulatory Void or Bullish Freedom?

The Federal Reserve just pulled the plug on its crypto watchdog squad—leaving digital assets in a regulatory gray zone. Was this a strategic retreat or a quiet nod to decentralization?

No more babysitters. The Fed's specialist group—tasked with monitoring crypto risks—got disbanded without fanfare. Markets barely blinked. Bitcoin traders shrugged, altcoins yawned, and Wall Street kept sipping its overpriced coffee.

Behind the scenes: This move reeks of old-school finance struggling to keep up. The Fed spent years 'studying' crypto only to scrap its oversight team. Meanwhile, DeFi protocols quietly processed $12B in transactions last week. Priorities, anyone?

One cynical take: Maybe they realized stablecoins are already more transparent than half their member banks' balance sheets.