#PowellWatch ## Powell's Vision on Cryptocurrencies

* **Focus on Regulation:** Powell and the Federal Reserve advocate for a strong regulatory framework. Their main concern is not innovation, but protecting investors and the financial system from the risks of fraud, speculation, and volatility.

* **Risks to Stability:** He has described cryptocurrencies as "highly speculative" assets and has pointed out the need to monitor their interaction with the traditional banking system to prevent them from jeopardizing global financial stability.

* **Distinction with the Dollar:** He does not consider Bitcoin and other cryptocurrencies to be competitors of the U.S. dollar. He emphasizes that the dollar has characteristics of value and stability that cryptocurrencies, in their current form, do not possess.

In summary, Powell's vision is not one of total rejection, but of **caution and control**. It is a vision that seeks to regulate and supervise the industry so that it can be integrated safely, without threatening the traditional economy.$BNB $ETH