... [+]"The new guidelines provide a consistent and transparent process to evaluate requests for Federal Reserve accounts and access to payment services in order to support a safe, inclusive, and innovative payment system," Fed vice chair Lael Brainard said in a statement.
The bitcoin and crypto market has been more or less trading sideways since finding a floor in mid-June, though"Bitcoin has a hard time going anywhere at this moment, but looking at it from a long-term perspective, this seems to be an accumulation point and whether bitcoin drops further doesn’t much matter for the millions who believe in it," Martin Hiesboeck, head of blockchain and research at crypto platform Uphold, said in emailed comments.
Bitcoin is a risk-on asset. When the FED changed the interest rates, it caused the crash.
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