Fed Chair Confirms US Won’t Launch Digital Dollar Under His Watch

February 12, 2025 Bitcoin.com

bitcoin.com

Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where he responded to concerns […]

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Fed ‘Struck’ by De-Banking Surge—Powell Promises a Fresh Look

February 11, 2025 Bitcoin.com

bitcoin.com

Federal Reserve Chair Jerome Powell has admitted a rise in de-banking cases, stating he is “struck” by the trend and pledging a “fresh look” at the issue. Powell Admits Growing Cases of De-Banking—Will the Fed Finally Take Action? Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where Senator Cynthia […]

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Fed Chair: Banks Are Perfectly Able to Serve Crypto Customers

January 31, 2025 Bitcoin.com

bitcoin.com

The Federal Reserve sees a future for crypto in banking, with Chair Jerome Powell saying banks can serve crypto customers—if they manage risks responsibly. Fed Chair Jerome Powell Breaks Silence on Crypto: What the Fed Thinks About Bitcoin Now Federal Reserve Chair Jerome Powell held a postmeeting press conference on Jan. 29 following the central […]

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

January 29, 2025 Bitcoin.com

bitcoin.com

Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment. FOMC Monetary Policy Unmoved At its first 2025 gathering on Jan. 29, the Federal Open Market Committee (FOMC) observed that “economic activity has continued to […]

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Bitcoin breakout ‘likely no later’ than Jan FOMC meeting: 10x Research

January 15, 2025 Coin Telegraph

10x Research

Bitcoin’s price is primed for a breakout before the end-of-month FOMC meeting, but it could go either way, says a crypto analyst.

Bitcoin is shaping up for a price breakout by the end of January ahead of the United States Federal Open Market Committee meeting on Jan. 29, says 10x Research head of research Markus Thielen.

But that breakout may see Bitcoin’s (BTC) price go up or down from its current level of $96,794, he said.

“Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” Thielen said in a Jan. 14 markets report.

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Bitcoin Price Drops As Jerome Powell Says Federal Reserve ‘Not Allowed’ To Hold BTC

December 18, 2024 The Daily Hodl

Bitcoin

The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after announcing the Fed has lowered its key interest rate by a quarter percentage point in its third consecutive reduction. When asked if he sees any value […]

The post Bitcoin Price Drops As Jerome Powell Says Federal Reserve ‘Not Allowed’ To Hold BTC appeared first on The Daily Hodl.

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Bitcoin (BTC) Competes With Gold, Not the US Dollar: Fed Chair Jerome Powell

December 6, 2024 The Daily Hodl

Bitcoin

U.S. Federal Reserve Chair Jerome Powell thinks Bitcoin (BTC) is more akin to gold than the US dollar. At the New York Times DealBook summit this week, Powell was asked whether the public’s interest in BTC represents a lack of faith in the US dollar. Says the Fed chair, “I don’t think that’s how people […]

The post Bitcoin (BTC) Competes With Gold, Not the US Dollar: Fed Chair Jerome Powell appeared first on The Daily Hodl.

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell

December 5, 2024 Coin Telegraph

Coin Telegraph

US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

United States Federal Reserve Chair Jerome Powell has reiterated his view that Bitcoin is a direct competitor to gold and isn’t a threat to the US dollar.

“People use Bitcoin as a speculative asset. It’s just like gold, only it’s virtual, it’s digital,” Powell said at The New York Times-hosted DealBook Summit in New York on Dec. 4.

The Federal Reserve Chair has made these comments before, comparing Bitcoin (BTC) to gold during an event hosted by the Bank for International Settlements in March 2021 when Bitcoin was trading at just $58,200.

Cryptocurrencies like Bitcoin are highly speculative, and “they’re not backed by anything,” Powell said at the time.

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss

December 2, 2024 Coin Telegraph

Coin Telegraph

United States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell into killing the project, the former Meta executive said.

The former head of Meta’s (then Facebook’s) blockchain payments solution, Diem, has revealed the project ended after insurmountable political pressure from United States regulators.

“There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions,” Diem co-creator David Marcus said in a Nov. 30 X post.

Meta’s Diem (formerly known as Libra) aimed to develop a decentralized payments network with a US dollar-integrated stablecoin when it launched in June 2019. It received support from the likes of Visa and PayPal — where Marcus previously served as President.

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Crypto Prices Cool as Fed Chair Jerome Powell Strikes Ambiguous Tone on Future Monetary Policy Choices

November 16, 2024 The Daily Hodl

crypto

After nearly two weeks of explosive gains, crypto prices briefly cooled on Thursday and into Friday, possibly due to a speech delivered by U.S. Federal Reserve Chair Jerome Powell. Powell spoke in Dallas on Thursday and struck a somewhat ambiguous tone about future US monetary policy choices. He continued to emphasize that the Fed views […]

The post Crypto Prices Cool as Fed Chair Jerome Powell Strikes Ambiguous Tone on Future Monetary Policy Choices appeared first on The Daily Hodl.

jerome powell