Reported 3 days ago
Federal Reserve Chair Jerome Powell stated that the Fed is prohibited from holding bitcoin and has no intention to seek changes to this policy. During a press briefing, he emphasized that the topic of a Strategic Bitcoin Reserve, suggested by President-elect Trump, is a matter for Congress to address. Powell's remarks come amidst rising speculation about the U.S. government’s role in cryptocurrency, particularly as bitcoin's value surges, although he acknowledged the asset's volatility affects its suitability as a reserve currency.
Source: YAHOO