Decoding the Fed’s Cryptocurrency Chess: Is It Checkmate?

The Federal Reserve has decided to kick up some dust in the crypto arena. It’s as if they’ve discreetly taken hints from China’s playbook. Start by drawing boundaries around crypto. Then, unveil your exclusive CBDC. Finally, allow crypto to reenter society, softened by your firm grip. In a jaw-dropping reaction to PayPal’s trailblazing decision to create their unique stable coin, PYUSD, the Fed flips the chess board. They decree a fresh commandment for banks - “Thou shall seek approval from us, before dabbling in crypto.“ Now, don’t get confused. This isn’t exactly smacking crypto with a ban as the Bank of China did. But it’s a clear hurdle for banks who wish to participate in the budding crypto market. What’s next for the Federal Reserve? A dazzling US dollar CBDC. They are currently setting the stage. Let me know in the comments. 🤔 💰 Join My FREE Discord Group: 🚀 Connect With Me on Social Media! ►► ► My LINK TREE ◄◄◄ 👍 JOIN Bitfolio Academy Coaching Community: 🔥 FREE Cyptocurrency Course: 💻 Bitfolio Academy Blog: 💵 Send me a Satoshi: ⚡️bitfolio@ Crypto Sherpa 🚀 Sharing lessons on crypto as I try to minimize risks and shorten time horizons 📈 Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. #news #thefed #jeromepowell #finance #money #cbdc #prediction #bitcoin #crypto