Recently, the Federal Reserve announced the termination of the "New Activity Supervision Program," a decision that has had a profound impact on the encryption currency market. This move effectively removes an important barrier for the encryption market; in the past, banks had to go through a cumbersome approval process to engage in encryption business, but this threshold has now been eliminated.

With the relaxation of regulations, large financial institutions are quickly taking action. Giants like JPMorgan and Bank of America are actively laying out their encryption businesses, including issuing stablecoins, providing round-the-clock fiat exchange services, and even incorporating the custody of encryption assets into high-end wealth management products. This change not only increases market liquidity but also provides an additional layer of security for encryption assets. The participation of banks means that even if exchanges encounter issues, users' assets can still receive a certain level of protection.

With the entry of traditional financial institutions, the encryption market may experience significant growth. Some analysts believe that the price of Bitcoin could rise sharply in the near future. However, institutional investors may be more focused on the long-term profits brought by encryption businesses, such as custody services and stablecoin issuance, which could generate substantial returns for Wall Street each year.

This trend may also lead to the fragmentation of the encryption market: one part will move towards a more regulated path, while the other may face stricter regulation. Changes in policy often have a greater impact on the direction of industry development than technology itself, as has been demonstrated multiple times in the history of cryptocurrency.

In the future, we may see more relevant policies being introduced. For instance, when will the stablecoins issued by banks officially launch? Can Bitcoin break through new price highs with the increased liquidity? Will stablecoins impact the traditional payment industry? The answers to these questions will gradually be revealed in the future, and they will profoundly influence the development trajectory of the encryption market.