The Federal Reserve has announced the withdrawal of regulatory guidelines for banks' crypto asset and dollar token businesses, while simultaneously updating related business expectation standards. Analysts believe that this move by the Federal Reserve marks a broader legitimization of Bitcoin in the eyes of regulators, surpassing mere banking policies, and helps the Federal Reserve accelerate its vision of creating a financial environment where Bitcoin is as accessible and secure as traditional fiat currency. This could mean that Bitcoin checking accounts, crypto asset-backed loans, and the conversion between crypto assets and fiat currency will be integrated into traditional banking operations faster than expected.