#PowellRemarks

Federal Reserve Chair Jerome Powell has consistently highlighted both the potential and the risks of cryptocurrencies. He acknowledges that crypto assets are highly volatile and speculative, often lacking the consumer protections seen in traditional finance. Powell has emphasized the need for a clear regulatory framework to prevent fraud, money laundering, and financial instability. He also notes that stablecoins, if properly regulated, could play a role in the financial system. However, Powell has underlined that crypto has not yet posed serious threats to financial stability, but the rapid growth of digital assets calls for proactive oversight to ensure safety, soundness, and market integrity.