CoinVoice has recently learned that the Federal Reserve has announced the withdrawal of regulatory guidelines for banks' encryption assets and dollar token businesses, while also updating the relevant business expectation standards.

Finance Feeds special contributor Damilola Esebame analyzes that the Federal Reserve's move marks a broader legitimization of Bitcoin in the eyes of regulators, going beyond mere banking policies. It helps the Federal Reserve accelerate its vision of creating a financial environment where Bitcoin is as easily accessible and secure as traditional fiat currencies. This could mean that Bitcoin checking accounts, cryptocurrency-backed loans, and the conversion of cryptocurrency to fiat currency will be integrated into traditional banking operations faster than expected.