As Federal Reserve Chair Jerome Powell recently acknowledged, cryptocurrency is entering the mainstream. He thinks this momentum is driven in part by changing U.S. regulatory standards. Taken together, Powell’s comments represent a complete turnaround in the Federal Reserve’s position on cryptocurrencies.Individually, Powell’s remarks help lend additional legitimacy of the sector...
The intersection of cryptocurrency and traditional finance is becoming increasingly complex, and Federal Reserve Chair Jerome Powell's recent statements provide a crucial glimpse into the Fed's evolving strategy. Powell's remarks underscore a clear emphasis on establishing a robust regulatory framework before fully embracing the innovative potential of digital assets. This...
This week, Federal Reserve Chair Jerome Powell reiterated the need to create a regulatory framework for stablecoins as one of his key priorities. Yet, these digital assets are quickly becoming pervasive features of global financial markets. Powell’s remarks are a clear signal that U.S. financial regulators are increasingly prepared to...
Jerome Powell wants stablecoin regulation. Congress seems newly interested. Consumer protection, transparency – this all sounds fantastic, right? Before we uncork the champagne, let's consider something: unintended consequences. Are we really so desperate to tame this crypto beast that we’re on the verge of accidentally choking it to death.Regulation: Innovation's...
Meet Anya, a young Balinese painter who barely scrapes a living by selling her elaborate paintings to visiting tourists. The galleries snatch up the majority of their earnings and online, just like everywhere else, is flooded with inexpensive, mass-produced prints. Then she discovers NFTs. And all of a sudden, she...
