Withdrawal of Bank Rule Cripto Bank approval “Not real progress” – Senator Lummis

The United States Senator Sinthia Lummis suggests that the Cripto industry is too early through American federal reserves softening his crypto guidelines for banks.

“Service Fed Kript’s instructions is just noise, not the actual progress” Lummis said In April 25 x the post. Lummis announced the announcement 24. April in April – withdrawing its supervisory letter about 2022. Years discouraged banks to hire With the activities of crypto and stablecoin – “SERVICE FOR LIPS.”

Lummis’ tone was different from the rest of the crypto industry

Lummis, Pro-Krupto Proponent known as the introduction Bitcoin (Btc) Strategic reserves for reserves in July 2024. years, pointed out several deficiencies in the announcement of Fed, even as the Founder of the Michael Sailor and Cripto Entrepreneur Anthony, Pompliano, suggested that he is a step forward for banks and crypto.

She brawled that the Fed continues To “illegally emerging the law on Master’s orders” continues to relies on reputational risk in its bank supervision practice. Comes as a corporation of Federal Insurance Deposits (FDIC), working as a rule to stop examiners to consider a reputational risk when reviewing the bank’s operations, in accordance with recent Bloomberg report.

Lummis also pointed out the Fed Policy Statement in Article 9 (13), which did not withdraw, stating that BitCoin and Digital Property are considered “insecure and insecure”.

She also repeated many of the same personnel behind Operation ChokePoint 2.0 They are still involved in crypto policy today.

“We didn’t fool. The assassination was fed in the industry and hurt American interests by choking innovative and closing companies. This fight is far from the end.”

“I will still be responsible for feeding until the digital property industry does not get more than a life jacket, the Powell chair – they need fair shake,” Lummis said.

Related: If Trump shot Powell, what would happen to the cript?

Founder of Custodia Bank’s office and General Manager Caitllin Love Donica similar to the mainness of Lumis.

“Thanks for seeing it for what it is,” long said.

However, many CRIPTO executives praised the announcement of the Fed as a positive development of industry. Sailor said In the post to 25. April, the Fed Fed means that “banks now freedom to start supporting Bitcoin”.

Anastasia of Plotnikova, co-founder and General Manager of Clockcain Fideum, said the Fed Decision “significant development, because it will simplify the institutional adoption.”

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