XPR (XRP) price is showing signs of consolidation at $2.19, with traders eyeing potential breakout scenarios following significant developments in
XRP price is showing signs of consolidation at $2.19 as traders eye potential breakout scenarios following significant developments in the regulatory landscape and derivatives market. The cryptocurrency has entered what analysts identify as a demand zone, suggesting potential for upward momentum if buying pressure increases.
This week, the US Federal Reserve announced the withdrawal of guidance on how banks interact with crypto assets and USD-backed stablecoins. This policy shift means US banks will no longer need to seek prior approval before engaging in cryptocurrency and stablecoin activities.
“The Board will no longer expect banks to provide notification and will instead monitor banks’ crypto-asset activities through the normal supervisory process,” the Federal Reserve stated.
This change in the Integration of Cryptocurrency-Related Activities by Federal Reserve Banks and Federal Banking Organizations: A Guide for National Banks and Federal Savings Associations
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