Breaking developments from the Federal Reserve today. Chair Jerome Powell just dropped a statement that's sending ripples through the industry – banks now have the green light to dive into crypto operations.

This isn't some vague hint or regulatory gray area anymore. Powell's words were clear: financial institutions can pursue digital asset activities. For an industry that's spent years navigating uncertain regulatory waters, this feels like a watershed moment.

Think about what this means. Traditional banking infrastructure, with all its capital and reach, can now legitimately build crypto offerings. We're not talking about fringe experiments anymore – this is mainstreaming in real time.

The timing's wild too. Just when some folks thought regulatory headwinds might slow things down, we get this signal from the top. Powell's Fed basically saying "go ahead" changes the game for institutional adoption.

What happens next? Probably a wave of banks announcing crypto desks, custody services, maybe even trading platforms. The floodgates just opened.