#PowellRemarks Federal Reserve Chairman Jerome Powell emphasized that Bitcoin competes with gold, not the U.S. dollar, highlighting its speculative nature. His remarks suggest potential regulatory changes, including stronger stablecoin oversight, clearer banking access for crypto firms, and enhanced risk management standards. Powell stressed the need for a structured regulatory framework to integrate crypto into traditional finance while ensuring consumer protection. His comments signal a shift toward greater oversight without stifling innovation. If implemented, these regulations could reshape the crypto industry, balancing market stability with financial inclusion.
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