Why pro-Bitcoin US senator calls Fed’s crypto-friendly move ‘just lip service’ – DL News
- The Federal Reserve rescinded some Biden-era crypto guidance Thursday.
- But it kept a regulation targeting state-level banks.
- Critics say the central bank is still an obstacle to US crypto adoption.
The Federal Reserve on Thursday withdrew from a slew of Biden-era guidance warning banks against engaging the crypto industry.
The reversal could lead to an injection of fresh capital in crypto markets, according to industry observers who cheered the latest example of federal pullback from crypto regulations they say strangled crypto’s US growth in recent years.
But US Senator and Bitcoin champion Cynthia Lummis, a Republican from Wyoming, said the move was a victory in name only.
“The Federal Reserve’s actions yesterday withdrawing crypto…
