Federal Reserve Chair Jerome Powell stated that banks will not be prevented from offering services to legal cryptocurrency customers. During a recent session, Powell addressed concerns regarding the accessibility of digital currencies, confirming that the Fed has no intention of blocking banks from serving these clients. He also noted that there has been no communication with the Department of Government Efficiency (DOGE) regarding cryptocurrency access to Federal Reserve systems. In response to inquiries about the potential for debanking crypto customers, Powell acknowledged the reality of crypto debanking and pledged to revise the Fed's manual language concerning controversial commentary in banking decisions. This commitment aims to address reputational risks associated with banking policies.