Wu Shuo learned that U.S. Senator Cynthia Lummis stated that the Federal Reserve's recent move to withdraw some cryptocurrency-related guidelines is merely superficial. She pointed out that the Federal Reserve is still illegally obstructing crypto banks from applying for master account procedures and continues to use reputation risk standards in regulation. Additionally, she criticized the Federal Reserve for not withdrawing the policy statement on Section 9(13), which still regards Bitcoin and digital assets as "unsafe and unsound" assets.

Wu Shuo learned that U.S. Senator Cynthia Lummis stated that the Federal Reserve's recent move to withdraw some cryptocurrency-related guidelines is merely superficial. She pointed out that the Federal Reserve is still unlawfully obstructing crypto bank applications for master account procedures and continues to use reputation risk standards in regulation. Furthermore, she criticized the Federal Reserve for not withdrawing the policy statement on Section 9(13), which still considers Bitcoin and digital assets as "unsafe and unsound" assets.

The Federal Reserve is accused of merely paying lip service to crypto regulation, with Cynthia Lummis criticizing multiple unchanged policies.