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Powell Doubles Down: Fed Greenlights Bank Crypto Activities Without Reservations
Powell Doubles Down: Fed Greenlights Bank Crypto Activities Without Reservations
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Fed Chair Jerome Powell just handed banks a blank check for crypto—with zero oversight strings attached.
In a move that'll send traditional finance purists into conniptions, the central bank confirmed it won't stand in the way of regulated institutions diving headfirst into digital assets.
The subtext? After years of playing regulatory whack-a-mole with crypto, even the suits finally recognize where the money's flowing. (And surprise—it's not into their 1%-yielding 'high interest' savings accounts.)
Wall Street's about to get a crash course in private keys and memecoins—place your bets on who'll be the first too-big-to-fail bank to 'accidentally' send $10M to a burner wallet.
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