TechFlow, April 26 — U.S. Senator Lummis posted on April 24, stating that the Federal Reserve announced the withdrawal of its 2022 regulatory letter, which had previously prevented banks from engaging in cryptocurrency and stablecoin activities. However, Senator Cynthia Lummis said via social media on April 25 that this decision was "just noise, not real progress." Lummis pointed out that the Federal Reserve continues to rely on reputational risk assessments in bank supervision, and its policy statements still regard bitcoin and digital assets as "unsafe and unsound."
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