I never thought I’d say this — but Jerome Powell might’ve just become crypto’s unexpected ally. 😮
At the Jackson Hole Economic Forum, the Fed Chair finally admitted something huge:
“Digital assets, particularly those with well-developed use cases, are here to stay. Regulation should support innovation, not kill it.”
That’s not just a statement. That’s a policy signal — and the market wasted zero time reacting.
$BTC pumped +3.5% in under an hour, $ETH jumped above $3,400, and coins like $SOL, $AVAX & $XRP saw massive volume spikes. Even altcoin dominance went up by 1.2%. Feels like something is shifting.
Powell openly supporting crypto innovation means we’re not fighting uphill anymore. His comment about CBDCs and stablecoins also shows that digital finance is now on the Fed’s radar for real.
This might open doors for faster ETF approvals, more institutional FOMO, and a fresh wave of trust in DeFi and Web3. Honestly, it also highlights how useful tools like WalletConnect are — especially now, when real adoption might finally be coming.
When the Fed stops fighting crypto… that's not just news — that’s a psychological breakout.
Let’s see if this turns into something bigger. I’m bullish — are you?
Drop your thoughts 👇
And if you're exploring DeFi, make sure you're using #WalletConnect to stay secure while staying connected.