Powell’s Crypto Comments Spark Interest and Debate

Jerome Powell’s recent comments on cryptocurrency have reignited discussions about the sector’s future, both in terms of regulatory changes and market performance. Despite a cautious approach regarding quantitative tightening (QT), Powell highlighted his belief in the potential for cryptocurrencies to grow more mainstream as he sees less bank aversion towards them post Trump administration. He also expressed support for stablecoin regulations, highlighting their role in fostering innovation while maintaining financial stability.