Today in crypto, tokenized real estate could top $4 trillion by 2035, according to a new Deloitte report, US Senator Cynthia Lummis says the Federal Reserve’s latest crypto decision is “just lip service,” and US Securities and Exchange Commission (SEC) chair Paul Atkins speaks at the agency’s roundtable.
Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.”Lummis, a pro-crypto advocate known for introducing the Bitcoin Strategic Reserve Bill in July 2024, pointed out several flaws in the Fed’s announcement, even as Strategy founder Michael Saylor and crypto entrepreneur Anthony Pompliano suggested it was a step forward for banks and crypto.
Crypto banking rule withdrawal by Fed “not real progress” — Senator LummisUnited States Senator Cynthia Lummis says the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks.“The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Cointelegraph
The story "Here’s what happened in crypto today" has 645 words across 19 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Here’s what happened in crypto today" was covered 2 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 29 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
