Jerome Powell: Banks Can Serve Crypto Customers—If Risks Are Managed

Jerome Powell, the Chairman of the US Federal Reserve, has stated that banks are allowed to serve cryptocurrency customers as long as they effectively manage the risks involved. The statement came amid the Fed’s decision to maintain its benchmark interest rate at 4.25% to 4.5%. This followed three consecutive rate cuts in late 2024. Fed Chair Says Banks Can Serve Crypto Customers During a... source: https://beincrypto.com/powell-banks-crypto-customers-manage-risks/