Cryptocurrency industry leaders have praised the resignation of Michael Barr as deputy head of supervision at the US Federal Reserve.

Michael Barr has indicated his plans to step down from his position at the Federal Reserve on February 28, according to A He notices From the US central bank on January 6. The announcement indicated that Barr would retain his seat on the Board of Governors despite his resignation as Fed Vice Chairman for Supervision.

The industry celebrates Michael Barr's final call

Cryptocurrency industry participants enthusiastically welcomed Barr's exit, as another anti-crypto regulator leaves office before Donald Trump returns to the White House.

Often called the “central bank CEO,” Barr was seen as a key cog in the Operation Choke Point 2.0 machine and an adversary of digital assets. Operation Choke Point 2.0, as designed by Castle Island Ventures partner Nick Carter, points To the deliberate collusion between federal agencies to break up cryptocurrencies and technology-focused companies.

Coinbase fought the Federal Deposit Insurance Corporation in court, and obtained letters to do so suggests Multi-agency agenda against digital asset startups.

Thought leaders like Custodia Bank CEO Caitlin Long and cryptocurrency lawyer James “MetaLawMan” Murphy described developer as “good news” in the fight for crypto access to banking services. “RIP BOZO,” Castle Island’s Carter tweeted via X in response to Barr’s decision to step down.

With Barr's resignation confirmed, regulators of the three federal banks, including the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency, will see Barr's resignation. It changes From guarding. Crypto-friendly regulators could also lead agencies like the Securities and Exchange Commission and key Senate policy committees under Trump.