During the Thursday afternoon Supervision of the Treasury Department and the Federal Reserve’s response to the epidemic Hearing Federal Reserve Chairman Jerome Powell has confirmed that the United States has no plans to ban bitcoin and cryptocurrencies.
When Hearing, House Representative Ted Butt (RNC) President Powell questioned the level of inflation in the United States. Powell diverted questions of inflation, saying that inflation in this country is caused by the continuing supply chain crisis caused by the epidemic of government.
The effective leader said the central bank’s hands are tied and relief will come when inflation comes. Powell suggested that inflation should fall “in the first half of next year.”
Ted Butt digital currencies and stable currencies after the Fed, pitka and about the impact on other kiriptokaransikal quoted Powell’s previous comments. Bud Powell, Jerome quoted from a July hearing: “You do not need constant currencies, the US currency in digital if you do not need your help kiriptokaransikal.”
Butt continued, “So, Mr. President, is it your intention to ban or restrict the use of cryptocurrencies as we see them in China?”
Jerome Powell answered “no” and explained how he had misrepresented himself at the time.
Putin repeated his question, “but you do not want to ban them?”
“There is no intention to ban them,” Powell replied that, to bring the regulatory framework must be stable currencies, he explained.
Many Bitcoiners are reluctant to listen to such exchanges in Congress, as the central bank’s understanding of the differences between Bitcoin and cryptocurrencies is left to be desired.
However, we can safely assume that the Pitcoin intermittent group, along with other cryptocurrencies by the central bank and members of Congress, is also talking to Chairman Powell Bitcoin.
From a regulatory standpoint, there is still a lot of work to be done to accurately represent and define where bitcoins and politicians combine their interests, and then make an informed decision on the extent to which bitcoin should be regulated.
However, the control of bitcoin in the United States is still an adaptation of technology, which, from a geopolitical perspective, cannot be different from China’s approach. China’s loss is America’s gain.
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