Fed Chair Powell, during his policy report to Congress, expressed concern over debanking issues

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Fed Chair Powell, during his policy report to Congress, expressed concern over debanking issues

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Federal Reserve Chair Jerome Powell pledged during a Senate hearing to address the "debanking" of legal industries, including digital assets.

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10:00am, Tuesday, February 11, 2025

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"I too, am troubled by the quantity of these reports," Powell said in routine testimony before the Senate Banking Committee on Tuesday

When confronted by members of the Senate Banking Committee about concerns over the "debanking" trend plaguing the crypto industry, Federal Reserve Chairman Jerome Powell said he's also worried about it and is already tweaking internal supervision policies at the Fed.

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Crypto news