【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 will resign from this position. Barr will no longer serve as the third in command of the Federal Reserve Board, but he intends to remain at the Federal Reserve until further notice. The industry widely believes that Barr is one of the key factors preventing U.S. banks from entering the cryptocurrency and related services space. 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 soon, Barr will continue to remain on the Federal Reserve Board. His term was supposed to naturally end in 2032. Nevertheless, this may be an important opportunity for cryptocurrency regulation. He stated, "It has been an honor to serve as the regulatory vice chairman of the Federal Reserve Board. The controversies surrounding this position may distract us from our mission. In the current environment, I believe serving the American people from the Board member position would be more effective." In 2023, Barr led the crackdown on stablecoins and expressed a desire to "exclude cryptocurrencies from the banking sector."