Big news for cryptocurrency! Caitlin Long, the boss of a bank that likes crypto, says the US government hasn't done much to help banks work with cryptocurrencies. She thinks things are slowly changing, though. It's like banks are afraid to touch crypto, even a tiny bit!
- The US government hasn't changed its rules about banks and cryptocurrency much.
- A new person is in charge of the Federal Deposit Insurance Corporation (FDIC), which might lead to better things for crypto.
- The SEC, another government group, is now more open to crypto.
- Ms. Long wants stronger rules for stablecoins (cryptocurrencies that try to stay the same price as the dollar) to protect people's money.
| Topic | Detail |
|---|---|
| Problem | Banks are scared to work with crypto. |
| Possible Solution | New government rules and a new leader at the FDIC. |
| Stablecoins | Need better rules to keep people's money safe. |
