Why the Fed’s Banking Rule Change Is a Big Win for US Crypto Businesses

The Federal Reserve just removed its “reputational risk” guideline for supervising banks, which was a major tool for debanking crypto firms. This surprising breakthrough could help encourage more integration of TradFi and Web3. To be clear, the Fed didn’t explicitly frame this as a win for crypto, and its brief statement never addressed the industry. Still, this rule change can encourage a broad shift in institutional attitudes source: https://beincrypto.com/fed-reputational-risk-crypto-debanking-rule/