No way.. furthermore, he suggested that lawmakers should act to address the potential risks to households.
Source: Fed chair calls for Congress to move on crypto ’regulatory apparatus’
Even though the Fed holds the rate steady in this FOMC, the crypto market has recovered somewhat 😂
Well.. it seems the Fed isn't against cryptos. They're just worried about potential risks for households, so they hope lawmakers will enact crypto regulatory acts for preventing scams, embezzlement, etc.
Interesting statement from Powell. 🤔 It’s clear that banks can handle crypto, but regulatory hurdles are still in place. The Fed keeping the rate at 4.50% might give the crypto market some breathing room. 🚀 The real question is what kind of regulations lawmakers will introduce—easing restrictions or tightening them? What do you think comes next? 👇💬
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