Jerome Powell on crypto: ‘Many of these activities can be done inside of banks’
Federal Reserve Chair Jerome Powell has made a major statement that could reshape the relationship between traditional banks and the cryptocurrency sector. Speaking before the House Financial Services Committee, Powell addressed concerns about the increasing interaction between cryptocurrency and the traditional banking system. While acknowledging crypto’s volatility and speculative nature, he stated that the Fed does not intend to prevent banks from serving legal crypto customers as long as they understand and manage the associated risks. Picks for you U.S. tariffs are at the highest levels since the Great Depression; Here's why it matters 2 hours ago Bitcoin rainbow chart predicts BTC price for February 28 ...