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US Fed Chairman Full of Declarations - No CBDC or Rate Cuts, Debanking Fears

Author

Austin Hodge
February 12, 2025 • Read Time: 12 minutes

In a world where crypto is both revered and feared, the "debanking" trend has sparked concern on Capitol Hill. Federal Reserve Chairman Jerome Powell openly admitted to the Senate Banking Committee that he's worried about the chilling effect stringent money-laundering rules might have on financial institutions' willingness to embrace crypto clients. As he pledges a fresh look into the matter, the Fed is sharpening its regulatory tools, eyeing tighter stablecoin oversight while tapping the brakes on a federal digital currency. Amidst this financial tug of war, Powell's clear 'No' to a U.S. CBDC makes headlines for crypto enthusiasts everywhere.

Debanking, stablecoin regulations, CBDC declarations, CPI data, and Fed rate cuts - so much is up in the air - Let's dive in!

  • Fed Chair Jerome Powell expresses concern over crypto debanking, stablecoin regulation, and dismisses U.S. CBDC launch fears. — Read More

  • Russia plans to issue digital ruble for social benefits, facing hurdles in adoption, amid debates over traceability and fraud prevention. — Read More

  • Trump taps Brian Quintenz to lead CFTC, positioning crypto-friendly regulation. — Read More

  • Fireblocks supports Sony's Soneium blockchain, boosting institutional crypto custody solutions. — Read More

  • Crypto trading volume down 25% from 2021 peak with $18.83 trillion in 2024; CoinGecko reveals Binance holds 40% market share. — Read More

  • Jerome Powell stresses strong US economy, no rush for rate cuts, inflation above target. — Read More

  • Toyota collaborates with Daiwa and Mitsubishi UFJ to issue blockchain-based security token bonds with investor benefits. — Read More

  • New legislation seeks strict stablecoin control under Federal Reserve supervision. — Read More

  • CZ emphasizes need for more dApps as new blockchains falter post-token launches. — Read More

  • Pi Network's token to list on OKX, sparking trader concerns over risks. — Read More

  • Swiss Stock Exchange launches Digital Collateral Service, integrating crypto and traditional assets for financial institutions. — Read More

  • Crypto custodian BitGo considers an IPO as soon as the second half of this year, joining a flood of companies in the sector anticipating more support for their plans from regulators. — Read More

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