FYI:AND THEY MADE CRYPTO INVESTORS SOUND LIKE WE WERE COCO FOR COCO PUFFS!!WE ARE PIONEERS YALL PLEASE START LOADED UP BECAUSE THE WORLD IS ABOUT TO FLOOD INTO CRYPTO!!!
FYI:AND THEY MADE CRYPTO INVESTORS SOUND LIKE WE WERE COCO FOR COCO PUFFS!!WE ARE PIONEERS YALL PLEASE START LOADED UP BECAUSE THE WORLD IS ABOUT TO FLOOD INTO CRYPTO!!! JUST IN: Fed Chair Jerome Powell says the Federal Reserve won't block banks from serving legal crypto customer. Fed Chair Powell: Fed Won’t Block Banks From Serving Crypto Customers https://watcher.guru/news/fed-chair-powell-fed-wont-block-banks-from-serving-crypto-customers Fed Chair Jerome Powell said today that the Federal Reserve will not block banks from serving legal crypto customers. The chair says that the Fed doesn’t plan to get in the way of crypto banking, and is in fact granting banks permission to serve cryptocurrency customers. Powell returned to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader has already answered multiple questions about cryptocurrency thus far, changing his tune to supporting the market and not disabling it. Two weeks earlier at the FOMC meeting, Powell said that “banks are perfectly able to serve crypto customers.” His latest remarks double down on that notion, indicating support for the continued development of crypto in the US banking system. Fed Chair Jerome Powell Doubles Down: Banks Can Serve Crypto Customers In December 2024, Jerome Powell said the US central bank has no desire to be involved in any government effort to stockpile large amounts of crypto. “We’re not allowed to own Bitcoin,” he said. However, one of Donald Trump’s first executive orders involved founding a digital asset stockpile for the US government, one that will likely hold BTC. Now, the Central Bank Chair is a lot more mindful of Fed-regulated banks organizing crypto activity. “Banks are perfectly able to serve crypto customers, as long as they understand and can manage the risks,” Powell said in late January. “If you’re making a choice to conduct that activity inside a bank, which is inside the federal safety net with deposit insurance, then you want to be pretty sure that that is a safe and sound activity.”