Fed Rules out BTC Reserves: 'We're Not Allowed to Own Bitcoin'
Dec 19, 2024 · Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift.
Powell says Fed cannot hold bitcoin, not seeking to change that
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.
Powell: Fed 'not looking' for law change to own bitcoin - USA …
Dec 18, 2024 · 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 ...
What Fed Chief Powell said about crypto that may have aided bitcoin…
Dec 5, 2024 · Bitcoin's meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. "It's not a competitor for the dollar, it's really a …
Powell says Fed cannot hold bitcoin, not seeking to change that
Dec 18, 2024 · 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.
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
Dec 18, 2024 · 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.
'We're not allowed to own bitcoin,' Fed Chair Powell says in light …
Dec 18, 2024 · “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 ...
Federal Reserve Chair Jerome Powell Just Gave Bitcoin a Ringing ...
Dec 9, 2024 · Recently, at The New York Times ' DealBook Summit, Powell gave the token a ringing endorsement: People use bitcoin as a speculative asset... It's just like gold, only it's virtual, it's...
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.