The U.S. Federal Reserve has announced a significant policy shift, withdrawing special rules previously imposed on banks regarding cryptocurrency transactions. This move marks the end of cautious "choke point" practices that distinctly targeted the crypto industry. By treating crypto like any other banking service, the central bank aims to create a more balanced regulatory environment.

This decision reflects a broader integration of digital assets into the traditional financial system, facilitating smoother operations for institutions dealing with cryptocurrency. Banks will now navigate crypto services under regular financial regulations, promoting fairness and consistency across the industry.