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This Week in Crypto: Federal Reserve Chairman Says U.S. Won’t Ban Cryptocurrency a Week After China Bans All Crypto Transactions

August 04, 2021

This Week in Crypto: Federal Reserve Chairman Says U.S. Won’t Ban Cryptocurrency a Week After China Bans All Crypto Transactions

Jerome Powell, chairman of the U.S. Federal Reserve, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021.

Powell mentioned in a Congressional listening to Thursday that he had “no intention” on banning cryptocurrencies. He did, nonetheless, add that stablecoins is likely to be applicable for regulation.

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