Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately

Article

Name

Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately

Types

Tags

Source maintained by Catalin

Web URL

https://cryptoslate.com/fed-chair-jerome-powell-says-banks-can-serve-crypto-clients-if-risks-are-managed-adequately/

Referenced by

Fed Chair Powell affirms banks can serve crypto clients, calls for stronger regulation

Crypto news

However, during Powell’s speech, especially after the mention of crypto, the BTC price rebounded 3.3% to touch $104,774.44.

Crypto news

The Fed chair’s speech comes nearly three weeks after the Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms.

Crypto news