#bomdia #Mesegue 🙋help me reach 200 followers.🇧🇷🇺🇸🇮🇱🇯🇵🇷🇺🇨🇳
$TRUMP Fed Chair Powell's message to crypto.🤑💎
#Powell his words, “When we observed that the number of cases of exclusion from banking activities increased, both my colleagues and I were affected by this study.☢️
We are determined to reconsider this issue.
Cryptocurrency exchanges, in particular, complained that crypto companies operating in the #US were facing difficulties in opening bank accounts and maintaining existing accounts. Coinbase filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) last year, accusing the institution of non-bank transactions in the crypto market.
Powell said at the press conference held after this month’s interest rate decision that banks could provide services in the crypto space, as long as they could manage their risks properly. 🙀😩
Support for stablecoin regulations
On the other hand, the scope of Powell’s statements on crypto in his diary was not unlimited. When asked, Powell stated that he definitely did not support legal regulations on stablecoins. The Chairman added: “Stablecoins are young and can have a bright future.”
🧑🔧🧑💻Shutting the door on CBDC
Powell’s other crypto-related message was about central bank digital currency (CBDC). The president ruled out CBDC, which has been criticized for its potential to compromise privacy and strengthen Fed oversight, saying: “He can ensure that we continue not to issue a central bank digital currency while he is the Fed chairman.”🕵️ $BTC $XRP #USDT
