【Anti-Crypto Federal Reserve Vice Chairman Michael Barr Resigns】On January 7, news from Beincrypto reported that Federal Reserve Vice Chairman Michael Barr announced today that he would resign from this position. Barr will no longer serve as the third in command of the Federal Reserve Board, but he plans to remain at the Federal Reserve until further notice. The industry generally believes that Barr is one of the key factors behind the failure of American banks to engage in cryptocurrency and related services. According to a recent press release, his resignation will take effect on February 28 or after his successor is confirmed. However, even if a new regulatory vice chairman is found quickly, Barr will continue to remain on the Federal Reserve Board. His term was supposed to end naturally in 2032. However, this may represent an important opportunity for cryptocurrency regulation. He stated, 'It has been my honor to serve as the regulatory vice chairman of the Federal Reserve Board. The controversy surrounding this position may distract us from our mission. In the current environment, I believe serving the American people from the Board position would be more effective.' In 2023, Barr led efforts against stablecoins and expressed a desire to 'exclude cryptocurrencies from the banking sector.'