Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Transactions Hit Lowest Level Since October 2023

    Bitcoin Transactions Hit Two-Year Low Despite Price Surge

    Bitcoin Transactions Plummet Amid Record Price Surge

    Bitcoin Transactions Hit Lowest Point Since October 2023

    Attorney Suggests Bitcoin Safer at $106K vs $25K

    Michael Saylor Signals Imminent Bitcoin Purchase for Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    XRP Analysts Predict Bullish Breakout Amid Institutional Activity

    XRP Shows Bullish Signs Amid Analyst Predictions

    Analyst Predicts Bullish Reversal for XRP Prices

    Cetus Protocol Resumes Post-Exploit Operations with Compensation Plan

    Analyst Foresees U.S. Memecoin ETF by 2026

    Bloomberg Analyst Foresees Memecoin ETF Launch by 2026

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Senator Lummis Condemns Fed’s Crypto Guidance Withdrawal

Solomon M. by Solomon M.
April 26, 2025
in Latest News
Key Takeaways:
  • Senator Lummis called the Fed’s action noise, not progress.
  • Cautious market optimism follows the Fed’s announcement.
  • Regulatory barriers for crypto banks remain unaddressed.
senator-lummis-condemns-feds-crypto-guidance-withdrawal
Senator Lummis Condemns Fed’s Crypto Guidance Withdrawal

U.S. Senator Cynthia Lummis condemned the Federal Reserve’s decision on April 25 to withdraw 2022 crypto guidance, emphasizing Wyoming’s regulatory concerns.

U.S. Senator Cynthia Lummis criticized the Federal Reserve after it rescinded its crypto directives from 2022 and 2023. The move, announced on April 25, has drawn political and market attention due to ongoing financial impacts.

Lummis, a pro-crypto advocate, expressed discontent, claiming the Fed’s withdrawal is mere “noise.” The Federal Reserve’s decision affects banks previously guided under specific crypto supervisory letters, altering the regulatory landscape. As Lummis stated, “The Fed withdrawing crypto guidance is just noise, not real progress. We are NOT fooled.” source

The Federal Reserve’s actions have sparked concern among crypto-friendly banks, including Custodia Bank, over possible limitations in accessing the Fed’s master accounts. This potential reduction in regulatory barriers could stimulate more capital flow into the crypto sector. This concern was shared in discussions, as noted by wellsda2 on Twitter.

The withdrawal is seen as a regulatory pullback, yet Senator Lummis argues substantial challenges remain. Despite cautious market optimism, unresolved barriers for crypto banks pose a challenge to industry progress and growth.

Market response was mixed; although cryptocurrency prices remained stable, the news led to discussions about potential increased capital inflows if regulatory barriers ease. Institutional crypto adoption might advance, but structural changes are still necessary.

Historically, regulatory actions like this have led to temporary market optimism. However, lacking resolution on banking access seems to limit long-term impacts. A deeper integration of digital assets into the financial system will likely face delays until core issues are resolved. Senator Lummis continues to address these critical issues related to crypto oversight.

The withdrawal may affect financial markets but unresolved banking barriers limit immediate institutional changes.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Senator Lummis Criticizes Federal Reserve’s Crypto Guidance Withdrawal

Next Post

Pi Coin’s Path to $5 Amid Market Challenges

Solomon M.

Solomon M.

Related Posts

BiT Global Drops Lawsuit Against Coinbase Over wBTC Issue

by Solomon M.
June 9, 2025

BiT Global ends its lawsuit against Coinbase concerning the delisting of wBTC, agreeing to dismiss with each party covering their...

BiT Global Ends Lawsuit Against Coinbase Over wBTC

by Solomon M.
June 9, 2025

BiT Global ends lawsuit against Coinbase following wBTC delisting, impacting crypto market dynamics.

BiT Global Drops $1B Lawsuit Against Coinbase

by Solomon M.
June 9, 2025

BiT Global ends its $1B lawsuit against Coinbase over wBTC delisting with no future litigation, affecting market trust.

JPMorgan Warns of Slowing U.S. Economy Amid Job Concerns

by Solomon M.
June 9, 2025

JPMorgan's Kelly notes economic slowdown despite job growth, impacting crypto markets.

JPMorgan Warns of Economic Slowdown Amid Job Growth

by Solomon M.
June 9, 2025

JPMorgan highlights economic slowdown risks in the U.S. despite increasing job growth, prompting caution across markets.

James Wynn Criticizes Hyperliquid’s Referral Program Issues

by Solomon M.
June 8, 2025

James Wynn criticizes Hyperliquid's referral program; lacks beneficial partnerships despite significant trading influence.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.