The Fed’s Perspective on Cryptocurrency: Innovation & Future Challenges

Bitcoin’s price remains stagnant around $113,400, influenced by the Federal Open Market Committee (FOMC) minutes that have dampened investor risk appetite. Despite this, the Federal Reserve has taken a supportive stance towards cryptocurrencies, mirroring sentiments previously expressed. Notably, two officials advocating for interest rate cuts have also expressed support for cryptocurrencies, prompting speculation about strategic maneuvers aimed at appeasing President Trump. )