Cryptocurrency and the Federal Reserve

On january third the fdic and the occ release a joint statement on the risks to banks engaging with crypto not explicitly banning bank's ability to hold crypto or deal with crypto clients but strongly discouraging them from doing so. The federal reserve denies crypto bank custodias to your application to become a member of the federal reserve system citing excuse me safety and sound as risks. Silver gate stock falls to a low of 11 dollars and 55 cents on bank run and insolvency fears having traded as high as 160 dollars in march 2022 by January 21st signature bank announces that due to policy they will only process user fiat transactions worth more than 100,000 dollars. On february 7th fed statement