Fed's New Action: Loosening Cryptocurrency Regulation, Web3 Welcomes New TrendsDeFi Web3 The Federal Reserve officially withdraws multiple regulatory letters on cryptocurrency assets 💼， State member banks do not need to report encryption business in advance! Policy simplification+innovation green light, traditional financial giants' entry channel opened up 🔓 Market interpretation as official recognition of the value of Crypto 💡 Impact Overview: one ️⃣ Accelerated liquidity: Expectations of institutional funds entering the market are heating up 💹 two ️⃣