US Central Bank Chair Open to Crypto-Friendly Banking, Wants Legislative Clarity
- US Federal Reserve Chairman, Jerome Powell, has told the US Congress that banks are free to use crypto tech and work with crypto firms in ways that are “protective of safety and soundness”.
- The Fed chair also said that he’s seen a significant change in tone around digital assets, driven by what he says is “evolving thinking and the evolving status of the crypto industry”.
Chair of the US Federal Reserve, Jerome Powell, told the US Congress on June 24 that he sees no problem with banks working with crypto firms and using crypto technologies so long as they adhere to existing rules designed to protect their customers and the broader economy.
“Banks get to decide who their customers are, that’s…
