🔥 All cryptocurrency traders were waiting today for the US Federal Reserve Chairman’s speech before Congress about stable digital currencies, and
#Bitcoin witnessed good increases after his statements. This is a summary and most important thing that Jerome Powell said👇
🟢 Politico reported that US Federal Reserve Chairman Jerome Powell told House Democrats that the US needs a legislative framework for stablecoins.
🟢 In his closed-door meeting Tuesday with Democrats on the House Financial Services Committee, he reportedly said he was glad negotiations were “close” on stablecoin legislation, Politico reported, citing a person who was there.
🟢 Powell also said that congressional approval would be required for any central bank digital currency before the Fed would act on it.
🟢 Powell explained in his meeting with the Financial Services Committee: “We need a framework for digital stablecoins and I am very supportive and pleased that we are close to achieving this.”
🟢 Powell's engagement with lawmakers underscores the Fed's commitment to strong oversight in developing regulations for stablecoins and central bank digital currencies.
“If we want to have a central bank digital currency, Congress must authorize it,” he said on the subject of central bank digital currencies (CBDC), according to Politico. With these statements, what we were saying a month ago about the goal of $100,000 for
#btc🔥🔥🔥 is confirmed.
🔥 Link to register on the Binance platform 👇
www.binance.com#Write2Earn