The U.S. Federal Reserve has allowed banks to serve cryptocurrency clients while managing risks, despite high caution in the industry and the "Operation Choke Point 2.0" investigation 🔍

Jerome Powell, Chairman of the U.S. Federal Reserve, stated that banks can serve clients working with cryptocurrencies if they understand the risks. He emphasized that banks should be cautious when engaging in cryptocurrency activities due to the high level of risk. Powell also noted that banks should not refuse legitimate crypto clients, despite possible caution arising from regulation. His remarks came amid the investigation of "Operation Choke Point 2.0," which examines cases of de-banking cryptocurrency companies.