Federal Reserve Chairman Jerome Powell: US Has No Plans to Ban Bitcoin and Crypto

Thursday afternoon during the Oversight of the pandemic response by the Department of the Treasury and the Federal Reserve audience Federal Reserve Chairman Jerome Powell confirmed that the United States has no plans to ban Bitcoin and cryptocurrencies.

During the audience, House Representative Ted Budd (RN.C) questioned President Powell about the state of inflation in the United States. Powell deflected questions about inflation, claiming that inflation in this country is due to frequent supply chain crises caused by the government’s response to the pandemic.

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