This matter requires the House of Representatives to draft a bill, vote on it, the Senate to review and approve it, and the President to sign it. If there are issues with the bill, the Federal Supreme Court will review whether it is unconstitutional.

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?