#PowellRemarks
Federal Reserve Chair Jerome Powell recently reaffirmed that banks are fully permitted to serve crypto clients, provided they manage associated risks—a message backed by the easing of accounting rules like SAB 122
axios.c
. In December 2024, Powell likened Bitcoin to “digital gold”, not a dollar rival, lending credibility to its role as a speculative asset
. However, on May 15, 2025, he warned of potential supply‑shock driven volatility and signaled a tighter monetary stance, which prompted a swift dip in Bitcoin (~–3%), heightening short‑term trading risks .
Overall, Powell’s tone supports institutional integration—but also underscores macro‑driven volatility that traders must navigate.
