Federal Reserve says US banks should serve crypto without fear of penalties

Federal Reserve Vice Chair for Supervision Michelle Bowman acknowledged that crypto firms experienced debanking due to regulatory uncertainty. During the Wyoming Blockchain Symposium on Aug. 19, Bowman also announced a fundamental shift in the Fed’s approach to blockchain innovation. She revealed the central bank eliminated reputational risk considerations from bank supervision in late June to The post Federal Reserve says US banks should serve crypto without fear of penalties appeared first on CryptoSlate.