Fed chair Powell agrees to help end crypto debanking
Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle. Speaking at a Senate Banking Committee hearing on Feb. 11, Powell said it was time for agencies to reassess reports of crypto businesses being denied access to the U.S. banking system. Crypto industry leaders […]
Kraken’s Jesse Powell sues San Francisco co-op for alleged crypto discrimination
Kraken co-founder Jesse Powell is accusing a San Francisco co-op of denying his unit purchase on the grounds of discrimination for his ties to cryptocurrency and political leanings. According to a lawsuit filed by Powell’s legal team on Feb. 5, Powell alleged the San Francisco co-op, Twenty-Five Hundred Steiner Street Inc., violated the California’s Fair […]
Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Source link
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Bitcoin’s price tumbled after United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December. Source link
