Federal Reserve's Regulatory Shift: The Federal Reserve has ended its Novel Activities Supervision Program, reverting to standard banking oversight for cryptocurrency, which may lead to increased autonomy for banks in managing crypto activities and potentially boost their engagement with digital assets like Bitcoin and Ethereum.
Market Implications: This regulatory relaxation is expected to encourage more banks to integrate cryptocurrency services into their offerings, aligning with evolving technology and consumer demands, while market stakeholders are assessing the potential impacts of these changes.
