#PowellRemarks

Powell: cryptocurrencies are gaining ground and stablecoins need urgent regulation.

Federal Reserve Chairman Jerome Powell stated that crypto is becoming more conventional due to regulatory changes. He highlighted that Congress is working on a legal framework for stablecoins, noting that "we need it, there isn't one right now."

He also warned of higher inflation and lower economic growth due to tariffs. Meanwhile, names are already being mentioned for his possible replacement this fall. Will this impact the price of $BTC?