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Important news next week 🇺🇸: Thursday: FOMC 🇺🇸 (Fed releases Meeting minutes) Unemployment Benefits Week 🇺🇸 PMI Services and Manufacturing 🇺🇸 Day 1 Jackson Hole 🇺🇸 Friday: Day 2 Jackson Hole - Fed Chair Powell Speaks 🇺🇸 Saturday: Day 3 Jackson Hole 🇺🇸 👉 If you don't know, the Jackson Hole 2025 Conference is an event that takes place at the end of August every year organized by the Federal Reserve Bank of Kansas City. This conference began in 1978 and quickly became one of the world's most important forums on economic and monetary policy. 👉 Jackson Hole 2025 Conference will take place from August 21 to 23 in the Jackson Hole area, Wyoming, USA. With the focus being the speech of Fed Chairman Powell at 9:00 p.m. this Friday. 👉 Regardless of your choice, it will cause a certain level of impact on the market, when you have to deal with the persistent inflation (T7 CPI is flat with no signs of decline and the annual data of T7 PPI increased beyond forecast to an extremely high level of 3.3% - 3.7%), and at the same time you have to deal with the ongoing Non-Farm Employment Report (May-June-July). see a clear cooling (weakening) in the Labor Market. 👉 We will wait and see what Powell's decision is this time, one is to cut to save the Labor Market as well as the Economy, the other is to continue to keep interest rates unchanged to control inflation.

But here’s where many miss it: We think we’re “above” others because of what we have ✅Money in the bank ✅ Assets and connections ✅ Knowledge that others don’t yet possess We mistake privilege for superiority.

Here’s what Fed Chair Jerome Powell meant and what the broader regulatory context looks like regarding the Federal Reserve not blocking banks from serving legal Bitcoin and crypto customers: On February 12, 2025, Powell testified before Congress and emphasized that “banks are perfectly able to serve crypto customers, as long as they understand and can manage the risks” and operate in a “safe and sound manner”. He reiterated that the Fed does not intend to disrupt relationships between regulated banks and legal crypto firms “we certainly don't want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion”. Powell reaffirmed that the Fed has no plans to prevent Wall Street banks from serving crypto clients, signaling a more permissive stance than in past years . Regulatory Rollbacks & Updates: 1. Withdrawal of Specialized Supervision Program The Fed has discontinued its "novel activities" supervision program (launched in 2023) that specifically monitored banks’ crypto and fintech activities, integrating these oversight duties into its regular supervisory framework. 2. Rescinding of Crypto-Specific Guidance In April 2025, the Fed officially withdrew its 2022 guidance requiring banks to notify the Fed before engaging in crypto-asset or stablecoin-related activities. This move was mirrored by other federal regulators—the FDIC and OCC had already rescinded similar guidance earlier in the year. This effectively eliminated the requirement that banks seek explicit permission to offer crypto services . 3. Reduction of “Reputational Risk” Penalty In June 2025, the Fed removed “reputational risk” as a formal criterion in its bank risk assessments. This shift addresses concerns that banks were penalized for legally serving crypto firms based on subjective reputational judgments—often cited as a driver behind the cryptocurrency sector's "debanking" struggles. What Does This Means in Practice? Banks now have more latitude to serve legal crypto clients, provided they assess and manage the associated risks responsibly. Regulatory friction has been reduced: no more special approval letters, less subjective penalties, and fewer crypto-specific supervision layers. Powell’s remarks reinforce almost codify—this new approach, highlighting that the Fed is not seeking to block or deter crypto-related banking activities. Why This Matters? ✓Encourages innovation: Lower barriers may encourage banks to offer more crypto-related services like custody, payments, or asset management, broadening access and legitimacy. ✓Improves crypto firms' access to banking: The rescinded guidance and reputational concerns reduce friction for crypto businesses that previously struggled to maintain bank accounts or services. ✓Signals regulatory clarity: By folding crypto oversight into standard procedures, the Fed is normalizing crypto engagement as part of broader financial services—not segregating it. In conclusion, Fed Chair Powell’s message is clear, banks are empowered, not blocked, from serving legal crypto customers—so long as they conduct crypto activities in a safe, well-managed fashion. This comes with broader deregulation: scrapped guidance, reduced reputational policing, and dismantled special crypto oversight. Together, these moves mark a significant shift toward integrating crypto more fully into the traditional banking system mitigating past frictions while preserving financial stability safeguards. $BTC $ETH $SOL 📌By Iyusufah 📌 #BitgetInsight #Cryptotrivia

The majority of investors participating in the US Bank Global Fund Manager Survey still have a "zero" cryptocurrency exposure.

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