Bitcoin Slides Towards $96,000 After Fed Chair Powell Speaks Against Trump’s Strategic BTC Reserve Plan

1 month ago 26

U.S. Federal Reserve Chairman Jerome Powell clarified Wednesday that the Fed is not allowed to own Bitcoin (BTC ($102,361.83)), aligning with the Federal Reserve Act. Powell indicated no intention to pursue changes to this legislation amid a promise by President-elect Donald Trump to establish a national strategic Bitcoin reserve.

The price of B...

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