CandleFocus Fed’s Michael Barr weighs in on crypto and debanking—Do it right or not at all
2025-02-19
Author: Content Editor
Michael Barr, the outgoing Vice Chair for Supervision at the Federal Reserve Bank, spoke at the Council on Foreign Relations about concerns regarding debanking and regulations on cryptocurrency. Barr emphasized that the Fed does not discourage banks from engaging with crypto-related businesses, as long as they comply with regulations. He also highlighted the Federal Reserve's supervision program for institutions dealing with digital assets. Barr's departure adds uncertainty to the fate of US regulators' proposal requiring major lenders to hold more capital.
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