Powell says Fed cannot hold bitcoin, not seeking to change that
Dec 18, 2024 · 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.
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.
Fed Rules out BTC Reserves: 'We're Not Allowed to Own Bitcoin'
Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift.
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
Dec 18, 2024 · 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.
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 …
Fed Chair Slams Brakes on Bitcoin Reserve Despite Trump’s Pledge
Dec 19, 2024 · Fed Chair Jerome Powell stated the central bank is not permitted to hold Bitcoin. Powell’s comments triggered a sharp crypto market downturn, erasing $800 million in leveraged positions.
'We're not allowed to own bitcoin,' Fed Chair Powell says in light …
Dec 18, 2024 · U.S. Federal Reserve Jerome Powell said the central bank is not allowed to hold bitcoin and is "not looking for a law change" in the face of a promise made by President-elect Donald Trump to create a strategic bitcoin reserve.
Powell: Fed 'not looking' for law change to own bitcoin - USA …
Dec 18, 2024 · 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...
Bitcoin Price Drops As Jerome Powell Says Federal Reserve 'Not …
Dec 18, 2024 · The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after announcing the Fed has lowered its key interest rate by a quarter percentage point in its third consecutive reduction.
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. In comments Wednesday about the cryptocurrency, the central bank leader...