Powell says Fed cannot hold bitcoin, not seeking to change that
5 days ago · NEW YORK, Dec 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
5 days ago · Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed ...
Powell: Fed 'not looking' for law change to own bitcoin - USA …
5 days ago · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts ...
'We're not allowed to own bitcoin,' Fed Chair Powell says in light …
5 days ago · “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years. U.S. Federal ...
Powell says Fed cannot hold bitcoin, not seeking to change that
5 days ago · NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin. "We're ...
Jerome Powell: Federal Reserve prohibited from holding Bitcoin
The Federal Reserve has dismissed the possibility of holding a Bitcoin reserve, citing legal and institutional limitations. Fed Chair Jerome Powell reiterated this stance during a routine press ...
There’s a reason Fed chair Jerome Powell hates Bitcoin. And it’s a ...
Jerome Powell is a remarkable man. Whether you like him or not doesn’t change that. A quick look at his resume tells you this is a guy with a level of intelligence only few have ever attained ...
Fed Won’t Hold Bitcoin or Push for Strategic Reserve
5 days ago · Jerome Powell confirmed the Federal Reserve cannot hold Bitcoin, leaving the decision to Congress. Though some lawmakers and President elect Trump support a U.S. Bitcoin reserve. Powell’s comments caused Bitcoin to drop 5.7%, with other major cryptos also losing value, and the stock market reacted negatively.
Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class
Jun 21, 2023 · Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank should play a “robust federal role” in overseeing stablecoins, a sizable slice of the overall crypto market that legislators are trying to craft rules for.
Fed Chair Jerome Powell Is Correct: Bitcoin Is In ... - Bitcoin …
Dec 4, 2024 · Today, the Chairman of the Federal Reserve, Jerome Powell, said in an exclusive interview with CNBC that Bitcoin is in competition with gold, not the U.S. dollar. “People use bitcoin as a speculative asset — it’s like gold,” Powell said.