Summary
- Jerome Powell, Chair of the Federal Reserve, stated that he will work to end de-banking practices.
- De-banking refers to the unilateral freezing of accounts related to cryptocurrencies by banks.
- This could have a positive impact on cryptocurrency investors.
According to Eleanor Terrett, a Fox Business reporter, Jerome Powell, the Chair of the Federal Reserve, attended a Senate Banking Committee hearing on the 11th (local time) and stated, "We will work to end de-banking practices, where banks unilaterally freeze accounts related to cryptocurrencies."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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