$BTC

Who is he, #جيروم_باول and what measures will he take for digital currencies?

Jerome Powell, Chairman of the US Federal Reserve (the US central bank).

Jerome Powell has been Chairman of the Federal Reserve since February 2018 after being appointed by President Donald Trump, and was renewed in 2022 by President Joe Biden. He is considered one of the most influential figures in the American and global economy.

Jerome Powell, as Chairman of the US Federal Reserve (Fed), takes a cautious stance towards digital currencies, especially stablecoins (#Stablecoins) and cryptocurrencies such as Bitcoin. Actions and policies he may take or support regarding cryptocurrencies include:

1. Regulating stablecoins

Powell stresses the need for strict regulation of stablecoins,

2. Developing a digital dollar (CBDC)

Powell supports studying the possibility of issuing a digital dollar (CBDC) to enhance efficiency in the financial system, but stresses that a decision has not yet been made.

He believes that any issuance of a digital dollar must have the support of Congress and regulators.

3. Tightening oversight of cryptocurrencies

Powell expresses concerns about the volatility of cryptocurrencies such as Bitcoin,

4. The role of the Federal Reserve in combating risks

Powell believes that cryptocurrencies could be used for money laundering or tax evasion,$BTC $ETH