From Reluctance to Openness: How Has Powell's Stance on Cryptocurrencies Changed?
Although markets hoped for stronger positive messages, Jerome Powell's speech came with a cautious tone... But between the lines, an important shift in the Federal Reserve's stance towards crypto emerged.
In 2024:
Powell confirmed that the Federal Reserve does not have the authority to own Bitcoin and expressed concern about "debanking" of crypto companies.
In 2025:
He called for a legal framework for stablecoins and hinted at easing some restrictions on banks' dealings with digital assets.
📌 Summary:
Powell shifted from a hardline stance in 2024 to cautious openness in 2025, reflecting an increasing acknowledgment of the importance of crypto in the financial system.
Does this pave the way for a new and more flexible monetary policy? The market is still watching...
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