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Quick Summary AI Powered WASHINGTON: The US Federal Reserve on Tuesday (Aug 16) issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. FILE PHOTO: Representations of cryptocurrency Bitcoin and U.S.dollar are seen in this illustration, August 10, 2022. Elizabeth Warren called on the US Office of the Comptroller of the Currency (OCC) to rescind its previously issued guidance on crypto and replace it with "a comprehensive approach in coordination with other prudential regulators".
