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Federal Reserve Chair Jerome Powell has made a major statement that could reshape the relationship between traditional banks and the cryptocurrency sector. While acknowledging crypto’s volatility and speculative nature, he stated that the Fed does not intend to prevent banks from serving legal crypto customers as long as they understand and manage the associated risks.
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00:00 Intro 00:17 Sponsor: Tangem 01:06 U.S. House Hearing 01:40 Powell says we need crypto banking 02:49 Maxine pretends to care about Data Privacy 04:06 Sherman wants to ban Dogecoin 05:17 Elon never sold Doge 05:42 Trump Coin 06:40 Fecal Coin Explodes 07:07 Sherman wants to ban stablecoin yields 08:30 PayPal CEO missed opportunity 09:09 Crypto remittances 09:32 Crypto Aid vs Fiat Aid 10:30 Richie Torres: remittance fees vs stablecoins 11:40 Powell says FedWire sucks 12:42 Foster still wants to ban self custody 14:25 Kraken frustrated “we need to pass a bill now” 15:00 Outro
#Crypto #Bitcoin #Ethereum ~Jerome Powell U.S. Crypto Hearing |