Outgoing Federal Reserve Michael Barr spoke this afternoon at the Council on Foreign Relations in New York on bank decentralization and crypto regulation, FOX Business correspondent Eleanor Terrett revealed in a post. Barr said the Fed was trying to take a "neutral" stance on these issues. The Fed's expectation is that they conduct business in a safe and sound manner and comply with consumer laws, anti-money laundering laws and anti-terrorist financing laws. If they do, we're fine with it. "The Federal Reserve has a novel regulatory program designed to oversee agencies in this space to make sure we have the expertise to do it right. Some agencies are doing it, while others are doing it wrong and getting into trouble, either because of anti-money laundering, bank secrecy law issues, or because they can't meet their customers' liquidity needs, and then they go broke. So, at least for me, it's just straight-up middle-level risk management and banking. If you do it right, you can do it. If you don't do it right, then you shouldn't be doing it." Barr also said he had never seen firsthand evidence of clients having their bank accounts cancelled because of their political views.