According to Deep Tide TechFlow news, on April 26, U.S. Senator Lummis stated that the U.S. Federal Reserve announced on April 24 the withdrawal of its regulatory letter issued in 2022, which had previously prevented banks from participating in crypto and stablecoin businesses. However, on April 25, Senator Cynthia Lummis expressed on social media that this decision "is just noise, not real progress". Lummis pointed out that the Federal Reserve still relies on reputation risk assessments in bank regulation, and its policy statement still considers Bitcoin and digital assets as "unsafe and unsound" assets.