A recent statement from Federal Reserve Chair Jerome Powell has drawn attention across the financial and crypto sectors. U.S. banks are now cleared to serve cryptocurrency clients without restrictions related to 'reputational risk.'
New Opportunities for Banks and Cryptocurrencies
This change removes informal barriers that previously hindered blockchain networks from gaining direct access to institutional banking infrastructure. The announcement is interpreted as a pivotal moment for XRP, a digital asset developed by Ripple Labs. As Pumpius stated, this is not a step towards mass crypto adoption but a focused improvement of infrastructure and regulation of real-time settlement processing.
XRP as a Strategic Solution for Liquidity
Pumpius noted that this policy shift comes at an opportune time due to instability in other parts of the world. Geopolitical tensions, particularly in the Middle East, are also exerting pressure on key international corridors. XRP is being presented as the most institutional-friendly protocol, already integrated in several central bank pilot projects and compliant with ISO 20022 international standards.
Conclusion and Perspectives
The Federal Reserve’s updated position removes major barriers for banks working with blockchain systems. Amid global instability, XRP is emerging as a ready alternative capable of facilitating real-time interbank flows and liquidity.
The Federal Reserve has paved the way for closer cooperation between banks and cryptocurrencies, which could lead to significant changes in the financial system.
