Summary
- Jerome Powell, the chairman of the U.S. Federal Reserve, stated that he is concerned about the role of virtual assets in the financial system.
- Bitcoin reserves were questioned, and he clarified that they do not regulate virtual assets and are not responsible for related responsibilities.
- Chairman Powell explained that he does not currently own any virtual assets personally.
Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), expressed concerns about the role of virtual assets in the banking system during a question about Bitcoin (BTC) reserves at a New York Times event held in Delaware on the 4th (local time). He stated, "We are concerned about what role virtual assets (digital currency) should play in the banking system," but added, "However, we do not regulate virtual assets and are not responsible for this sector." He explained that he does not currently own any virtual assets in response to a panel question about whether he owns any virtual assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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