Editor's PiCK
Chair Powell: "The Fed is legally prohibited from purchasing virtual assets... and has no plans to do so"
JH Kim
Summary
- Fed Chair Jerome Powell stated that the Fed cannot legally purchase virtual assets.
- Chair Powell said the Fed also has no plans to seek authorization to purchase virtual assets.
- The official stance of the US Fed suggests it has no intention to intervene directly in the virtual asset market.
According to the economic news account Walter Bloomberg on the 24th (local time), Jerome Powell, chair of the Fed, stated at a semiannual monetary policy hearing held by the US Senate Banking Committee that "the Fed is legally unable to purchase virtual assets (cryptocurrencies) and has no intention of seeking such authority."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
