Fed don stop di crypto watch, e don move moni moni go di normal supervision
US Federal Reserve don finish im own special crypto oversight program wey dem start for August 2023. From now, crypto oversight and risk monitoring go join the normal bank supervision wey Fed dey do, and the separate oversight rule don stop. Officials talk say na structural change dis be, no be say dem relax the rules. Dis decision follow the bigger US regulatory change wey Trump government start for digital asset matter. From January 2025, SEC don drop some investigations against cryptocurrency companies, and Treasury Department dey plan to create one national cryptocurrency reserve. At the same time, Board of Governors member Adriana Kugler resign on August 8, and Stephen Miran don become her temporary replacement until dem confirm another permanent person in January. Analysts believe say all these moves na to make executive power for Fed strong because of political pressure wey dey on Chairman Jerome Powell. Traders suppose know say crypto oversight now dey inside normal supervision and dis show say regulatory things still dey order with small market effect for now.
Neutral
To put crypto oversight inside regular supervision show say regulatory matter no go change well-well, e no talk say dem go reduce or increase am anyhow. Dis kind structure change na like wetin dem don do before wey involve rearranging how dem dey watch things without disturbing market work. For short time, traders fit expect say wahala no go plenty as still de rules wey dem put. For long time, to put crypto oversight inside normal Fed checking fit make thing stable and give better guide to bank wey dey deal with digital assets.