#PowellRemarks The Fed stated the possibility of easing cryptocurrency restrictions for banks. In the future, institutions may have their requirements related to digital assets 'relaxed.' This was stated by Fed Chairman Jerome Powell. According to the head of the Federal Reserve, the central bank intends to encourage innovation but not expose consumers to risks or undermine the reliability and stability of institutions.

Powell described the recent initiatives of lawmakers regarding stablecoins as 'positive.' On April 16, in an interview with the Financial Times, Binance CEO Richard Teng acknowledged the friendly approach of the U.S. administration towards digital assets, including plans to create a regulatory framework and a national crypto reserve.

The top executive reported on the platform's cooperation with the authorities of several countries regarding the establishment of an SBR.