Vice Chairman of the Federal Reserve responds to the controversy surrounding the de banking of cryptocurrencies: emphasizes maintaining a neutral stance

According to BlockBeats, on February 21st, according to The Block, Federal Reserve Vice Chairman Michael Barr responded to the controversy over the de banking of the cryptocurrency industry, stating that the Fed has always been "neutral" and will not prevent banks from cooperating with the cryptocurrency industry. Barr emphasized that the Federal Reserve provides clear guidance and regulatory frameworks to enable banks to participate in cryptocurrency business within compliance, and stated that it will not require banks to do so, nor will it discourage them from doing so.