💻News:
Federal Governor Michael Barr resigns.💥
⭐The cryptocurrency opponent Michael Barr, Vice President of Supervision of the Federal Reserve (Fed), announced today that he will resign from his position.⭐
For the industry, Barr is key to preventing U.S. banks from interacting with cryptocurrencies.💰
👉The resignation will not take effect until February 28 or until it is confirmed who will be his successor, and even if a new Vice President of Supervision is quickly found, Barr will remain a board member.👈
Let us remember that his term will not naturally expire until 2032; however, this could be an important opportunity for cryptocurrency regulation.🚀
The Federal Reserve acts as the Central Bank of the United States, playing a key role in monetary policy, and it can still be a powerful ally for the industry. Barr is just one of the seven board members, and some of them have expressed at least somewhat friendlier attitudes. For example, Federal Reserve Chairman Jerome Powell compared Bitcoin to gold a month ago.💪
🔥The path is beginning to be cleared for cryptocurrencies, both $BTC as a store of value and utility cryptos like $XRP and $XLM among others, it is well known that every change in the U.S. government directly affects their performance, so this would be no exception.🔥
And you... What do you think?🤔
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