Quote from: ivomm on Today at 07:35:43 AM

Quote from: Ambatman on December 18, 2024, 09:31:43 PM

Quote from: LFC_Bitcoin on December 18, 2024, 08:52:52 PM

Powell said, ‘We’re not allowed to own Bitcoin. The Federal Reserve says what we can own and we’re not looking for a law change. That’s the kind of thing for Congress to consider but we are not looking for a law change at the Fed.’

So what he actually means is that under the current administration, there is no law that allows the Government/Federal Reserve to own Bitcoin. Obviously that could and possibly will change under a much more cryptocurrency friendly Trump administration.

Honestly I see no reason for such comment except to Create FUD.

His job was to Cut interest rate and give excuse why it could be paused in the future.

The Fed doesn't own gold either. The U.S. Department of the Treasury does. Trump never said the Fed will buy Bitcoin. He said the Treasury will. So this is just another FUD attack from the sen. Warren camp. I don't know how, but I'm sure Bitcoin is hurting their personal finance interests.

Or they are salty because they missed the train Cheesy