Fed Chair Powell Tells House Lawmakers: ‘No Intention to Ban’ Cryptocurrency

Federal Reserve Chairman Jerome Powell assured lawmakers on Thursday that he does not intend to move toward banning cryptocurrency in the United States.

He made the comment during a committee hearing in response to a question from Rep. Ted Budd (R-NC), who asked Powell, “Is it your intention to ban or limit the use of cryptocurrencies, like we’re seeing in China?”

“No,” Powell replied, before going on a brief tangent about digital currencies promulgated by central banks and
Read more…

Please follow and like us: