๐๐๐ ๐พ๐๐๐๐ง ๐ ๐๐ง๐ค๐ข๐ ๐๐ค๐ฌ๐๐ก๐ก ๐จ๐๐๐ ๐๐ง๐ฎ๐ฅ๐ฉ๐ค๐๐ช๐ง๐ง๐๐ฃ๐๐ฎ ๐๐ค๐ฃ๐๐๐ง๐ข๐๐ ๐ฉ๐๐๐ฉ ๐๐๐ฃ๐ ๐จ ๐๐๐ฃ ๐จ๐ฉ๐๐ก๐ก ๐ฌ๐ค๐ง๐ ๐ฌ๐๐ฉ๐ ๐๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐ช๐จ๐ฉ๐ค๐ข๐๐ง๐จ โ ๐๐ ๐ฉ๐๐๐ฎ ๐ข๐๐ฃ๐๐๐ ๐ฉ๐๐ ๐ง๐๐จ๐ ๐จ ๐ฅ๐ง๐ค๐ฅ๐๐ง๐ก๐ฎ.
Chair Powell calls on Congress to create 'greater regulatory apparatus' around crypto
Fed Chair Jerome Powell urged Congress to establish clearer crypto regulations, noting the need for better investor protections.
โThe threshold has been a little higher for banks engaging in crypto activities, and thatโs because theyโre so new.โ
ย added that the Fed is not against innovation but wants to prevent banks from feeling forced to cut off crypto businesses due to regulatory pressure.
โWe certainly donโt want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion,โ he said.
(Source:TheStreet)
๐ขTHAT'S WHY MARKET IS BULLISH.
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