Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed ...
Powell says Fed cannot hold bitcoin, not seeking to change that
3 days ago · NEW YORK, Dec 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
Powell: Fed 'not looking' for law change to own bitcoin - USA …
3 days ago · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts ...
'We're not allowed to own bitcoin,' Fed Chair Powell says in light …
3 days ago · “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years. U.S. Federal ...
Fed’s Powell on Bitcoin Reserve: ‘We’re Not Looking for a Law …
4 days ago · Asked whether the government should build a bitcoin reserve, Federal Reserve Chair Jerome Powell said at his press conference Wednesday that the central bank isn’t allowed to own the digital ...
Fed Chair Jerome Powell's hawkish comments Wednesday on …
3 days ago · Bitcoin Dips Below $96K While CoinDesk 20 Plunges 10% Amid Fed-Spurred Rout; SOL Surrenders Post-Election Rally Fed Chair Jerome Powell's hawkish comments Wednesday on rate cuts have rattled ...
What Fed Chief Powell said about crypto that may have aided bitcoin…
Dec 5, 2024 · Bitcoin's meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. "It's not a competitor for the dollar, it's really a …
Fed Chair Jerome Powell Is Correct: Bitcoin Is In ... - Bitcoin …
Dec 4, 2024 · Today, the Chairman of the Federal Reserve, Jerome Powell, said in an exclusive interview with CNBC that Bitcoin is in competition with gold, not the U.S. dollar. “People use bitcoin as a speculative asset — it’s like gold,” Powell said.
Fed Chair Jerome Powell Likens Bitcoin to Gold, Says It’s Not …
Dec 4, 2024 · At an event Wednesday, Federal Reserve Chairman Jerome Powell called Bitcoin a rival not to the U.S. dollar but rather gold—though not in the sense of BTC similarly being a store of value.
Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class
Jun 21, 2023 · Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank should play a “robust federal role” in overseeing stablecoins, a sizable slice of the overall crypto market that legislators are trying to craft rules for.