#PowellRemarks

Federal Reserve Chair **Jerome Powell's remarks on crypto** often emphasize caution and regulation. He has stated that cryptocurrencies are highly volatile and lack intrinsic value, comparing them to "speculative assets." Powell supports **central bank digital currencies (CBDCs)** but warns that private cryptocurrencies pose risks to financial stability. He advocates for clearer regulations to protect investors and prevent illicit activities. While acknowledging innovation in blockchain, Powell stresses that crypto should not undermine traditional banking systems. His comments frequently influence market sentiment, causing volatility in crypto prices. #CryptoRegulation