U.S. Federal Reserve Chair Jerome Powell announced that U.S. banks are now authorized to offer Ethereum services without facing regulatory barriers. This decision, revealed during a congressional testimony on June 24, 2025, marks a significant shift in the regulatory landscape, allowing increased institutional engagement in the cryptocurrency market. The removal of previous restrictions is anticipated to enhance liquidity and drive institutional inflows into Ethereum and Bitcoin ETFs. This development is expected to further integrate Ethereum into mainstream financial services, potentially accelerating its adoption and market presence.