Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately
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Fed Chair Powell affirms banks can serve crypto clients, calls for stronger regulation
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However, during Powell’s speech, especially after the mention of crypto, the BTC price rebounded 3.3% to touch $104,774.44.
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The Fed chair’s speech comes nearly three weeks after the Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms.
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