FED Chair Jerome Powel acknowledged that the Fed and other U.S. bank regulators had taken a conservative approach to crypto-related banking guidance but indicated that a loosening of these rules is likely ahead

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Apr 16, 2025 - 12:00am

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Powell also addressed the Federal Reserve’s stance on crypto-related banking activity. He acknowledged that US bank regulators, including the Fed, had taken a conservative approach in issuing guidance on how banks should manage exposure to digital assets. However, he stated that some of this guidance may be relaxed to accommodate responsible innovation, provided consumer protections and financial safety remain intact