Michael Saylor, executive chairman of the Business Intelligence Company Strategy, claims that roads are “clear” for Bitcoin and the banking sector after the Federal Reserve It was abandoned Cryptobank Surveillance Program.
Now the roads are clear for bitcoin and banking. https://t.co/kzu2zkbz8m
– Michael Saylor (@saylor) August 15, 2025
There are no special oversights
An controversial program launched in August 2023 has stepped up scrutiny for banks who want to experiment with cryptocurrency services or blockchain projects.
This was intended to control and contain risks that could be associated with the mercury sector with the help of focused monitoring.
But now, the Fed is shelved the program because it better understands risks and knows how banking institutions can manage them. Therefore, existing monitoring tools are considered sufficient to monitor cryptographic and fintech activities.
Another adoption catalyst
The Fed's latest move comes after Crypto has made significant advances in mainstream institutional adoption and regulatory clarity in the US
The latest move from the Fed could allow further integration of crypto into traditional finance.
As Reported by U.TodayUS Federal Reserve Chairman Jerome Powell acknowledged that cryptography has become mainstream.
He also has Pro Bitcoin Senator Cynthia Ramis. explained This is a “big victory” to put an end to the “Chokepoint 2.0 operation.” This refers to the used use of regulatory pressures by previous administrations, a term that forces banking institutions to refuse service to crypto companies.
Last month, US regulators It was introduced Specific guidelines for banking institutions willing to engage in crypto custody.
