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. #siamstr #nostr #Siamstr

The hearing, which took place on Feb. 6, focused on the so-called "Operation Chokepoint 2.0," an initiative by the U.S. government that was meant to target the cryptocurrency sector. Paul Grewal, Chief Investment Officer at Coinbase testified at the U.S. House Committee on Financial Services #siamstr #nostr #Siamstr