Executive Chairman of Strategy Michael Saylor expresses relief and sees this as a turning point for Bitcoin, particularly within the banking sector after the Federal Reserve (Fed) ended its controversial crypto bank oversight program. 🎧 The decision marks a shift away from heightened scrutiny, which was implemented in August 2023 to manage potential risks associated with cryptocurrency. 📈 The Fed now believes existing monitoring tools are sufficient for managing crypto activities. This move coincides with increased institutional interest and regulatory clarity, paving the way for greater integration of crypto into traditional finance. U.S. Senator Cynthia Lummis welcomes this development, calling it a victory against ‘Operation Chokepoint 2.0.’ The Fed’s new guidelines, introduced last month, further ensure responsible engagement by banks in cryptocurrency custody.