Revolutionary Shift: US Banks Embrace Bitcoin

In a groundbreaking move, the US Federal Reserve has withdrawn its previous guidance that discouraged banks from engaging with cryptocurrency, setting the stage for a boost in Bitcoin adoption. This decision clears the path for traditional banks to support Bitcoin, marking a potential turning point for institutional adoption. The withdrawal aligns with legislative efforts like the GENIUS and STABLE Acts, aiming to harmonize cryptocurrency activities. Michael Saylor (@saylor), a prominent Bitcoin advocate, celebrates this as a significant opportunity for banks to join the crypto realm, previously dominated by crypto-native firms.