Fed Revokes 2023 Crypto Bank Guidelines, Paves New Way Forward
Policy Change: The Federal Reserve has withdrawn its 2023 guidance that restricted crypto activities for state member banks, allowing both insured and uninsured banks to apply for approval of crypto-related services on a case-by-case basis.
New Framework: The updated policy emphasizes risk management over blanket restrictions, enabling uninsured state banks to seek approval for activities previously limited, while insured banks remain subject to existing regulations.
Impact on Custodia Bank: The withdrawal of the guidance may allow Custodia Bank, which focuses on digital asset custody, to seek approval for a master account that was previously denied due to the restrictive policy.
Regulatory Perspective: The Fed's decision reflects a shift in understanding of innovative banking technologies, with officials stating that the previous guidance no longer aligns with current market conditions and risk assessments.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000307 | 0.0144 | 0.0254 | 0.0395 | 0.0505 | 0.0646 | 0.0756 |
| Fibonacci | 0.0144 | 0.0239 | 0.0299 | 0.0395 | 0.049 | 0.055 | 0.0646 |
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