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FED ENDS “NOVEL ACTIVITIES” SUPERVISION PROGRAM, OFFICIAL END OF CHOKE POINT
The Fed will now oversee banks’ crypto & fintech activities through its normal supervisory process, rescinding its 2023 special oversight letter.
Marks a shift toward normalization for bank participation in digital assets.
Source: @martypartymusic
13.8. klo 22.30
TREASURY SECRETARY BESSENT SAYS FED RATES SHOULD BE CUT BY 150 – 175 BPS
Bessent argued current rates are overly restrictive and holding back growth, a call that, if acted on, could inject major liquidity into markets and fire up risk assets like Bitcoin and equities.
Source: @Crypto_Briefing
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