Federal Reserve Chair Jerome Powell: U.S. Has No Plans To Ban Bitcoin and Crypto
Federal Reserve Chairman Jerome Powell has confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies.On Thursday afternoon during the Oversight of the Treasury Department's and Federal Reserve's Pandemic Response hearing Federal Reserve Chairman Jerome Powell confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies. During the hearing, House Representative Ted Budd (R-N.C) questioned Chairman Powell about the state of inflation in the United States. Powell deflected the inflation questions, claiming the inflation in this country is due to the....
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How Jerome Powell’s Second Term as Fed Chair Could Impact Crypto
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Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims to provide financial stability but notes there are some things in capital markets that are a bit frothy. Fed Chair on Inflation: The committee Seeks Inflation Moderately Above 2% This week the FOMC meetings have shown....
The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions.
Fed Chair Powell Sees the Need for New Crypto Regulation
Federal Reserve Chairman Jerome Powell talked about the need to establish new regulation for cryptocurrency Wednesday during a panel discussion on digital currencies organized by the Bank for International Settlements (BIS).
Noting that new forms of digital money, including cryptocurrencies and stablecoins,....