Fed Chairman Powell recently dropped a bombshell on CNBC – American banks can now officially offer Bitcoin and Crypto Assets services. Of course, the prerequisite is to solidify Risk Management.

This statement sounds understated, but the underlying meaning is not simple. It is important to know that the traditional banking industry has previously had an ambiguous attitude of "wanting to touch but daring not to touch" towards Crypto Assets. Now that the Fed chief has personally spoken out, it is equivalent to giving the entire industry a dose of reassurance.

From a regulatory perspective, this marks the official transition of Crypto Assets from the fringes to the core of the mainstream financial system. The fact that banks are starting to accept digital assets means that more ordinary investors can participate through familiar traditional channels, without having to figure out the daunting wallet private keys.

That being said, the premise of "proper risk management" is not something to be taken lightly. After all, the volatility of the crypto market is there, and if banks want to truly develop this business, compliance frameworks, risk control systems, and customer education must all keep pace. In the short term, large institutions may be the first to test the waters, while small and medium-sized banks will likely need to observe for a while.

In short, Powell's statement has pushed the mainstreaming process of the crypto industry forward. How will BTC move next? The market reaction may provide the answer.