Federal Reserve prohibited from holding Bitcoin

Powell says Fed cannot hold bitcoin, not seeking to change that
Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
Bitcoin drops after Powell says Federal Reserve 'not allowed' to own the cryptocurrency
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts in 2025.
Jerome Powell: Federal Reserve prohibited from holding Bitcoin
The Federal Reserve has dismissed the possibility of holding a Bitcoin reserve, citing legal and institutional limitations. Fed Chair Jerome Powell reiterated this stance during a routine press conference following the year’s final Federal Open Market Committee (FOMC) meeting,
Fed’s Powell on Bitcoin Reserve: ‘We’re Not Looking for a Law Change’
Asked whether the government should build a bitcoin reserve, Federal Reserve Chair Jerome Powell said the central bank isn’t allowed to own the digital currency under current law.
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin' Amid Trump’s Push for Bitcoin Strategic Reserve
Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec.
The Fed Isn’t Looking for Bitcoin Law Changes
Bitcoin surged past $100,000 for the first time this month on Powell ’s seeming endorsement of the cryptocurrency as a new investment class. Bitcoin was “just like gold”--except virtual, Powell said at the New York Times’ DealBook Summit.
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Indian Rupee Falls to Record Low as Fed Weighs on Asia Sentiment
The Indian rupee fell past 85 per dollar to a new low, declining with most Asian peers as hawkish commentary by the Federal ...
New Zealand sinks into recession, 5 things to know about its economic decline
Widespread weakness across sectors, declining household and government spending, and a shrinking GDP per capita have created ...
Bitcoin tumbles most in over three months on Jerome Powell's comment on the digital currency
Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the ...
Yen Slides Past Key Level of 155 Versus Dollar as BOJ Stands Pat
The yen weakened past the key level of 155 versus the dollar after the Bank of Japan kept interest rates steady. Japanese ...