Senator Lummis blasts the Fed: Anti crypto bias persists, despite ‘lip service’

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The Fed recently pulled back guidance warning banks about crypto risks. Senator Cynthia Lummis called it “lip service.” The Federal Reserve withdrew restrictive guidance on banks holding crypto assets, but not everyone is convinced that the regulator is taking a new direction. On Friday, April 25, pro-crypto Senator Cynthia Lummis blasted the Fed for what she considers performative steps on Bitcoin. (1/5) The Federal Reserve’s actions yesterday withdrawing crypto guidance are just lip service. H...