American Senator Centum Lomes suggests that the encryption industry may celebrate very early on the American Federal Reserve, which reduces encryption instructions for banks.
“Cracks directions are just noise, not real progress”, Lummis He said In the publication of April 25. Lomis called on the Federal Reserve Declaration on April 24 – withdrew its supervisory speech for the year 2022, which led to the inhibition of banks from engaging in the activities of Crypto and Stablecoin – “Just Lip Service”.
The Lummis accent was different from the rest of the encryption industry
Lummis, a supporter of the Krbuto, known for the introduction of the Bitcoin Strategic Bill (BTCOIN) in July 2024, pointed to many defects in the Federal Reserve Declaration, that he even suggested that the founder of strategy Michael Silor and Crypto Anthony Pompomiano suggested that it was a step forward for banks and encryption.
She said that the Federal Reserve continues illegally and continues to rely on the risk of reputation in banking supervision practices. This comes at a time when the Federal Insurance Deposit Company (FDIC) is working on a basis to prevent examiners from considering reputation risks when reviewing the bank’s operations, according to the latest Bloomberg. a report.
Lummis also highlighted the Federal Reserve Policy statement in Section 9 (13), which has not been withdrawn, saying that bitcoin and digital assets are “unsafe and intact.”
It also repeated the assertion of many employees behind the CokePoint 2.0, who are still involved in the encryption policy today.
“We are not deceived. The federal reserve has seized companies in this industry and harmed American interests by strangling innovation and closing companies. This battle has not ended yet.”
“I will continue to hold the Federal Reserve Bank accountable for the digital asset industry to get more than one Najat jacket, President Powell – it needs a fair tremor,” said Lomes.
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The bank’s founder and CEO of Custodia Caitlin Long shares a similar view to Lummis.
Thank you for seeing this as it is, Long He said.
However, many CEOs for encryption praised the Federal Reserve Declaration as a positive development of this industry. Silor He said In the publication of April 25 × that the Federal Reserve Step means that “banks are now free to start supporting bitcoin.”
“The Federal Reserve Decision is” a great development, because it will simplify the institutional adoption. “
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