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BTCC / BTCC Square / Global Cryptocurrency /
Jerome Powell Hints Easing Crypto Restrictions for Banks

Jerome Powell Hints Easing Crypto Restrictions for Banks

Author:
Global Cryptocurrency
Published:
2025-04-17 07:05:02
18
1
Federal Reserve Chairman Jerome Powell has signaled that U.S. banks may soon see a relaxation of existing crypto restrictions, as regulators look to balance financial innovation with consumer protection. Speaking at The Economic Club of Chicago on Wednesday, Powell acknowledged the troubled history of digital assets, citing years marked by fraud and market failures. However, he noted that the overall environment surrounding cryptocurrencies is becoming more mainstream, suggesting a shift in how regulators may approach the sector moving forward. Federal Reserve Chair Jerome Powell anticipates a relaxation of banking regulations on cryptocurrencies and stablecoins as they gain mainstream acceptance.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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