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U.S. Fed Chair says cryptocurrencies unlikely to disrupt financial markets
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ambcrypto.comIn an environment filled with recurring regulatory FUD, the United States Federal Reserve Chair Jerome Powell has shared a fresh perspective on how the cryptocurrency industry should be monitored and controlled.
Speaking at a press conference to address the recent interest rate decision, Powell opined that cryptocurrencies don’t pose a danger to the country’s financial stability as of now. However, he also added that the agency’s focus should definitely be on monitoring cryptocurrencies.
In response to a question by Wall Street Journal’s Michael Derby, Powell expressed support for the conclusions of a report from the President’s Working Group on Financial Markets which was released last month. Notably, the report stressed the urgent need for
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