Banks currently have a free way to support Bitcoin in the US.

Recently, the US Federal Reserve. (FED) has announced the repeal of several guidelines regulating crypto banking activities. According to the agency, the aim is to update regulations against new risks and promote innovation within the financial system.

especially, Two supervising cards with prior requirements have been eliminated. The first year of 2022 forced state banks to notify plans to operate on cryptocurrency. From now on, this notification is no longer necessary and the Fed will oversee these activities as part of the normal monitoring process.

The second letter of 2023 established a special procedure that banks must follow to participate in tokens supported in dollars. Along with the Federal Deposit Insurance Corporation (FDIC), the Fed is He withdraws from two communications issued by federal bank regulators in the same year.about banking activities related to Cryptoactive.

In the publication of the official portal, agents have shown that they will work with other agencies to assess whether there is a need to establish new guidelines to support innovation, including the use of digital currency.

The US Federal Reserve is an independent entity, but these flexibility lies within the framework of an administration that has previously demonstrated a proactive approach to the sector. In fact, one of the most prominent measures by the Trump government is Creating a strategic Bitcoin Reserve. It is important to note that in January the initiative was described by Fed officials as “the stupidest idea ever thought.”

However, this does not mean that Powell is totally against everything related to cryptocurrency. In fact, shortly after these controversial statements, the Fed president granted approval to the bank to serve customers interested in running the technology. However, if the associated risks can be properly managed.

Trump’s government can assert that he meets some of his promises in cryptographic action, but the truth is that their tariff policies have created great uncertainty and have not been well received by the market. in fact, The Fed recently admitted that it has not forgotten the impact of the economic storm caused by Washington. In a speech before the Chicago Economic Club (ECC), Powell acknowledged that the Fed faces uncertain panoramas and that Trump’s policies can temporarily remove institutions from the objectives of “maximum employment and stable inflation.”