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The FederalReserves shift on crypto banking access could impact payments, stablecoins, and digital assets. During the Biden Administration, the US FederalReserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Why is it important?
the Board of Governors of the FederalReserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’
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