This matter requires the congressman to draft a bill, vote, the Senate to review and vote to pass, and the President to sign.

When asked by reporters whether it is valuable and beneficial for the country to establish Bitcoin reserves, Powell's original statement about not allowing ownership of Bitcoin was: The Federal Reserve Board stipulates the assets we can hold in reserve; we currently do not allow the possession of cryptocurrency, and we are not seeking legal changes ourselves. Such issues should be considered by Congress, not by the Federal Reserve seeking legal changes.

The meaning is very clear: We just do not currently allow owning BTC as a reserve asset, and we are not the ones seeking legal changes on such issues; it is up to Congress to decide!

Isn't this a positive signal? Is the market taking this out of context?