Federal Reserve Vice Chair Responds to Crypto Debanking Controversy: Emphasizes Maintaining Neutrality

BlockBeats News, February 21st. According to The Block, Federal Reserve Vice Chair Michael Barr responded to the controversy around the crypto industry's bank exodus, stating that the Fed always maintains a "neutral stance" and will not prevent banks from partnering with the crypto industry. Barr emphasized that the Fed provides clear guidance and regulatory frameworks to enable banks to engage in crypto businesses within compliance boundaries, stating that they "will not require banks to do so, nor will they discourage them from doing so."