Fed Chair Jerome Powell Calls for Crypto Regulation, Rules Out Rate Cuts

Federal Reserve Chair Jerome Powell delivered a pivotal speech at the Fed’s International Finance Division 75th Anniversary Conference, addressing two critical issues: the need for cryptocurrency regulation and the future of interest rates. Powell emphasized that the crypto market, plagued by volatility and deceptive practices, requires clear regulatory frameworks to protect investors.

His remarks come as digital assets like stablecoins and decentralized platforms gain mainstream traction, while regulatory agencies such as the SEC and CFTC grapple over jurisdictional boundaries. Powell’s stance signals a cautious yet open approach to crypto, balancing innovation with investor safeguards.

On monetary policy, Powell dashed hopes for near-term rate cuts, citing persistent inflationary pressures. The speech underscores the Fed’s dual focus on stabilizing financial markets and curbing inflation, with implications for both crypto enthusiasts and traditional market participants.