Federal Reserve Chair Jerome Powell has made a major statement that could reshape the relationship between traditional banks and the cryptocurrency sector. While acknowledging crypto’s volatility and speculative nature, he stated that the Fed does not intend to prevent banks from serving legal crypto customers as long as they understand and manage the associated risks.
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00:00 Intro
00:17 Sponsor: Tangem
01:06 U.S. House Hearing
01:40 Powell says we need crypto banking
02:49 Maxine pretends to care about Data Privacy
04:06 Sherman wants to ban Dogecoin
05:17 Elon never sold Doge
05:42 Trump Coin
06:40 Fecal Coin Explodes
07:07 Sherman wants to ban stablecoin yields
08:30 PayPal CEO missed opportunity
09:09 Crypto remittances
09:32 Crypto Aid vs Fiat Aid
10:30 Richie Torres: remittance fees vs stablecoins
11:40 Powell says FedWire sucks
12:42 Foster still wants to ban self custody
14:25 Kraken frustrated “we need to pass a bill now”
15:00 Outro
#Crypto #Bitcoin #Ethereum
~Jerome Powell U.S. Crypto Hearing🚨Meme Coins & Stablecoins🚀~
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