Fed Chair Jerome Powell suggested that U.S. banking regulators might loosen crypto restrictions during his remarks at The Economic Club of Chicago. While emphasizing the need to maintain consumer protection, Powell acknowledged the growing legitimacy of crypto and hinted at more innovation-friendly policies ahead. At the same time, Trump fired back on Truth Social, saying Powell’s termination “cannot come fast enough,” criticizing him for being “too late and wrong.” As U.S. agencies slowly ease bank-level crypto regulations, Congress is also intensifying efforts to regulate stablecoins with transparency and consumer protections in mind.
Conclusion:
As regulatory pressure slowly shifts toward clarity and acceptance, the industry may be heading into a new era — despite the political drama.
Takeaways:
Powell signals possible easing of crypto rules for banks.
Emphasis remains on innovation with safeguards.
Trump criticizes Powell, calling for his termination.
Congress pushing stablecoin regulation forward.
Source: The Block
