Crypto Bank Back From the Abyss! 😲
And wouldn’t you know it, this sudden burst of reasonableness started under the previous administration! President Trump, a man famously averse to anything resembling a spreadsheet, somehow spurred a softening of the crypto stance. The Federal Reserve, feeling generous (or perhaps belatedly realizing they were missing out on the fun), retracted its earlier warnings about banks associating with these… novelties. Then, they and the OCC conjured a “joint framework” – a complicated-sounding phrase suggesting they’ve finally figured out how to let banks hold these bits and bytes for other people. Progress! 🐌 At least, that’s what they tell us.





