Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency.
On April 24, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/federal-reserve-withdraws-crypto-guidance-for-banks” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/federal-reserve-withdraws-crypto-guidance-for-banks”>the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable uplift in Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”null”>BTC) investor sentiment.
The 2022 guidance initially warned…
