Bitcoin24h $114,424.46+0.87%

Ethereum24h $4,429.13+2.66%

XRP24h $3.03+1.75%

BNB24h $896.89+0.69%

Solana24h $226.59+2.38%

Dogecoin24h $0.2518+5.05%

TRON24h $0.3454+2.11%

Cardano24h $0.8818+0.73%

Hyperliquid24h $55.68+2.69%

Chainlink24h $23.90+2.62%

Jerome Powell defies Trump, keeps crypto restrictions at Fed

Federal Reserve Chairman Jerome Powell has reduced US banking restrictions on crypto activities, but critics say he hasn’t done enough.

Jerome Powell has been good for bitcoin, and Trump says he won’t fire him

Yesterday afternoon, BTC rallied $2,400 in 15 minutes on the news that Donald Trump wouldn’t fire US Federal Reserve Chairman Jerome Powell.

US senators are debating crypto legislation, however, relatively few of them have disclosed investments in the industry.

Bank of America is happy to pay lobbyists to convince the US government to pass laws and rules favoring bank-operated stablecoins.

Meanwhile, if you’d spent your $1,200 on BTC in 2020 and sold during Trump’s inauguration, you’d have made almost $19,000.