Austan Golsby, President of the Federal Reserve in Chicago, I mentioned The Federal Reserve is legally limited about what it can already put in its public budget.
Earlier, President Jerome Powell stated that the Federal Reserve was prohibited by the Bitcoin Law by the Federal Reserve Law, and that the institution was not interested in changing the law.
Once again in 2021, Powell OPINED This bitcoin was not an applicable store due to its excessive fluctuations.
During his last press conference, the President of the Federal Reserve stated that banks can provide cryptocurrency custody services after SEC dropped the controversial SAB-121 guidelines. The reaction of the cryptocurrency community was positively to this statement, as bitcoin rose in the wake of its observations.
Related
Last month, Powell stated that Bitcoin was a digital version of gold, apparently that the recitation of the encrypted currency supporters.
Bitcoin Reserve? Not so quickly
Meanwhile, the possibility that Bitcoin reserves will be created by the end of April to only 16 %. For comparison,
However, the majority of betrayals expect the strategic reserve in the end this year.
As U.Today mentioned, there are also many state initiatives to create local Bitcoin reserves in states such as Texas, Florida and Ouhayu. It remains to see their number will succeed.
Sinth Lomes of Wyoming, who originally suggested making the US Treasury buy Bitcoin last year, stated that the creation of the reserve will be its priority as the head of a new sub -committee in the Senate focusing on digital assets.
