[Federal Reserve Vice Chair Of Supervision: The Federal Reserve Takes A Neutral Stance On Cryptocurrency And Expects Banks To Conduct Related Activities Safely And Soundly] February 19Th, Fox Business Reporter Eleanor Terrett Revealed That Outgoing Federal Reserve Official Michael Barr Gave A Speech This Afternoon At The Council On Foreign Relations In New York On Bank Decentralization And Crypto Regulation. Barr Stated That The Fed Is Seeking To Take A "Neutral" Position On These Issues. The Fed'S Expectation Is That They Conduct Their Business In A Safe And Sound Manner, Complying With Consumer Laws, Anti-Money Laundering Laws, And Anti-Terrorism Financing Laws. If They Do That, We Have No Objections.“The Fed Has A Novel Supervisory Plan To Oversee Institutions In This Space To Ensure That We Have The Expertise To Properly Regulate This Space. Some Institutions Are Doing This, And Some Institutions Are Doing It Wrong And Getting Into Trouble, Either Because Of Anti-Money Laundering, Bank Secrecy Act Issues, Or Because They Can'T Meet Their Customers' Liquidity Needs, And They Fail. So, This Is Just Straightforward Middle-Risk Management And Banking For Me. If You Do It Right, You Can Do It. If You Don'T Do It Right, Then You Shouldn'T Do It.”Barr Also Stated That He Has Never Seen Evidence Firsthand Of Customers Getting Their Bank Accounts Canceled Due To Political Views