Jerome Powell, the Chairman of the Federal Reserve System, responded to questions from Senators regarding cryptocurrencies in day two of “The Semiannual Monetary Policy Report to the Congress” in an open hearing before the Committee on Banking, Housing, and Urban Affairs. Key quotes Cryptocurrencies are not big enough to create financial stability risks. There are significant investment risks. There are consumer protection issues as well. We are not looking into issuing our own digital currency. Cryptocurrencies are not used as a mean of payment. Crypto discussions come up a lot in G7. There is a broad concern that the public needs to be aware of. We don’t look into cryptocurrencies when making monetary policy decisions. We don’t have the regulatory authority to deal with cryptocurrencies. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US: Tariffs impact on inflation cushioned by small import content in PCE – NBF FX Street 5 years Jerome Powell, the Chairman of the Federal Reserve System, responded to questions from Senators regarding cryptocurrencies in day two of "The Semiannual Monetary Policy Report to the Congress" in an open hearing before the Committee on Banking, Housing, and Urban Affairs. Key quotes Cryptocurrencies are not big enough to create financial stability risks. There are significant investment risks. There are consumer protection issues as well. We are not looking into issuing our own digital currency. Cryptocurrencies are not used as a mean of payment. Crypto discussions come up a lot in G7. There is a broad concern that the public… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
