Federal Reserve Vice Chairman: Maintaining Neutrality on the Controversy of De-Banking in the Crypto Industry

ChainCatcher news, reported by The block, Federal Reserve Vice Chairman Michael Barr responded to the controversy over the de-banking of the cryptocurrency industry. Barr stated that the Federal Reserve will maintain a neutral stance and will not prevent banks from collaborating with the crypto industry.

He emphasized that the Federal Reserve has provided clear guidance and a regulatory framework that allows banks to engage in crypto business within compliance, while not mandating or discouraging banks from participating in related activities.