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Fed Chair Jerome Powell – DL News

  • The Jerome Powell’s federal reservation chair said that he believes that some crypto stimulates real-time.
  • But he denied Fed participated in the alleged efforts to reduce the CRIPTO from the American banking system.

The CRIPTO companies were probably “perforated”, the chairman of the Jerome Powell’s Federal Reserve this week said Admakers at the hearing this week.

Industrial actors accused the former administration of President Joe Biden to have manually regulators of the Bank, forcing the directed industry, partially distracted by banks to serve companies traveling in digital property.

The charges include improperly deny regular banking services such as accounts for these companies.

“We are all affected by the number of complaints and widths,” Powell said, adding that “at least some of them are real. We have to understand that and stop this happening.”

“We have to do some work, we reach the bottom of it and solve it,” he said.

Powell gave comments during the occurrence before the home service committee on Wednesday last place This long relief The question was boiling.

Donald Trump promised to do us “Cripto’s Capital of the Planet.” Several legislators selected in November threw their weight behind these plans.

This includes several politicians – such as SCOTTA Senators, Representative French Hill and Securities Commissioner and Commissioner for Exchange Hester Peirce – Who promised to deal with charges for the guests.

Cripto Critics said that regulators and banks protected themselves, and the financial system was filmed large, of the instability crypto.

Denial

During the hearing, Powell denied that Fed had improperly under pressure on banks to drop or reject crypts for crypts.

“In the banks of the neat bank, a lot of crypt’s activities are happening now,” he said.

“We are not talking banks that they cannot handle certain people from certain (industry) – not something like that.”

The Federal Reserve is not the only banking regulator that would come under the fire.

Similar charges were thrown in the Corporation of Federal Deposits and COMPOLLER Office of Currency.

In pairs of hearings last week, legislators examined several managers who said or their companies were struggling to store or open bank accounts.

As soon as SCOTT is as soon as Bosniabanking in Cripto, Nathan McCaulei, General Manager and the co-founder of the digital anecdote, shared anecdotes.

“I spoke at a meeting of about 100 founder Cripto in San Francisco,” he said. “As an emission of the hands I asked:” Who had problems getting an account or disease? “All hands in the room showed up.”

Marc Andreessen

The question was first raised by the CRIPTO investor NIC Carter in Essay Pirate At the beginning of 2023. Years.

The CRIPTO Exchange FTX has passed a month earlier, and attention of cryptological banks has reinforced. Controllers of federal banks and congratulations for white houses are published by statements that indicate the risks of industry.

It was important that CRIPTS RISKS “do not migrate to the banking system,” Read one warning from the regulator at the time.

Banks, continued, nor are they prohibited or discouraged to provide bank services to customers of any particular class or type. “

The question received a momentum in November when the undertaking of capitalists Marc Andreessen appeared on the Joe Rogan Podcast.

“This happens with all cryptological entrepreneurs in the last four years,” Andreessen said.

Alex Gilbert is DL News “New York Defective Reporter. You can contact aleks@dlnews.com.

(Tagstotranslate) Jerome-Powell (T) Federal Reserve

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2025-02-14 11:46:00

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