#PowellRemarks

Jerome Powell, as Federal Reserve Chair, significantly influences the crypto landscape. While the Fed doesn't directly regulate crypto, Powell's statements impact market sentiment and regulatory direction for banks interacting with digital assets. He has emphasized that banks can serve crypto customers if risks are managed soundly and legally.

Recently, the Federal Reserve, alongside other banking regulators, has moved to withdraw previous restrictive guidance, signaling a shift towards treating crypto activities under standard supervisory frameworks. This suggests a more permissive stance, potentially easing barriers for banks to engage with digital assets. However, Powell continues to advocate for clear regulatory frameworks and consumer protection in the evolving crypto space. His comments on interest rates also indirectly affect crypto prices, with potential cuts often seen as bullish for risk assets like Bitcoin.