News Link • Federal Reserve
Fed Chair Jerome Powell Stresses Need for Crypto Regulation, Signals No Rush To Cut Rates
• https://www.ccn.com, By Giuseppe CiccomascoloSpeaking in Washington on Monday, Powell addressed some of the financial system's most pressing concerns—from persistent inflation clouding rate cut hopes to the growing call for regulatory clarity in digital assets.
His remarks didn't offer surprises but signals, particularly for crypto markets looking for direction in an environment shaped by policy shifts, economic headwinds, and renewed geopolitical tensions.
Powell Pushes for Clear Crypto Rules
During his keynote at the Fed's Division of International Finance 75th Anniversary Conference, Powell devoted a notable portion of his remarks to the crypto industry, an area the central bank has increasingly monitored as it edges closer to the financial mainstream.
Acknowledging the "turmoil" that has plagued digital asset markets, from fraud to instability, Powell reiterated the Fed's position: the U.S. needs comprehensive and consistent regulation that encourages innovation without compromising financial stability.
He argued that clearer guidelines would help legitimize the space, weed out bad actors, and give both institutional and retail participants greater confidence in engaging with blockchain-based assets.
The comments arrive as federal agencies, including the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), continue grappling with how to define—and regulate, various parts of the crypto economy, from stablecoins to decentralized platforms.
Fed Sees No Urgency on Rate Cuts
Beyond crypto, Powell addressed monetary policy and inflation, a top market concern.
Despite rising hopes for interest rate relief earlier this year, the Fed chair scuttled any expectations of an imminent pivot.
Economic data remains mixed, but with inflation still above target, Powell made it clear that the Fed is prepared to hold rates steady until sustained progress.
Adding weight to the Fed's position, the OECD released a revised economic outlook projecting U.S. GDP growth to slow from 2.8% in 2024 to 1.6% in 2025 and 1.5% in 2026.
The organization also cited potential risks from President Trump's proposed tariffs, warning they could further dampen growth and policy visibility.
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1 Comments in Response to Fed Chair Jerome Powell Stresses Need for Crypto Regulation, Signals No Rush To Cut Rates
The "American Debt" is established by 31 USC §462 that identifies Federal Reserve Notes as a Legal Tender. If that 'contract' is found to be based upon fraud, do FRNs revert to the prior identified status of Redeemable in Gold or in Lawful Money as a credit debt of the FR system ?? The Federal Reserve claims to be a govt agency. If the Fed is shown to be a for-profit entity, is the legislation void ?? Does the Fed purchase deficit spending Treasury securities, with inflationary book-entry credit to a govt account, and then sell the securities on the open market for profit ? Should congress direct the GAO to audit the FRBNY’s handling of govt money in their auctions of Treasury securities ? Ref. 31 CFR §375.3. Is it possible that the Federal Reserve Board of Governors is a closely held corporation with covert shareholders connected to the Rothschild Bank of International Settlements ?