THIS IS WHY BANKS MOVED BACK INTO CRYPTO Throwback to January 2025, when Jerome Powell said something most people missed. He made it clear the Fed wasn’t trying to push crypto out of the banking system. Banks can serve crypto customers as long as they understand the risks and operate safely and soundly. Just as important, Powell said the Fed doesn’t want banks cutting off legal crypto customers simply out of caution. That was a direct response to the debanking narrative. That comment mattered. It gave banks cover to re-engage. It reframed crypto as a risk-managed activity -- not a forbidden one. And it set the stage for custody, ETFs, and institutional access to scale. Price reacts later. Policy signals move first. That’s why banks moved back in. 👀