Federal Reserve Vice Chair: Will Not Interfere with Cryptocurrency Adoption, Such Innovation Will Not Affect the Fed's Monetary Policy Ability

BlockBeats News, November 17th, Federal Reserve Vice Chair Jefferson stated that financial innovation has always been a hallmark of the U.S. financial system, and the rise of digital assets is part of it. The Fed's regulation neither encourages nor discourages the use of cryptocurrency, as it depends on the private sector. The Fed's role is to ensure that while the public embraces new technology, the banking sector remains safe and sound. As long as the Fed's policies remain in line with the needs of businesses and households, there is no reason to believe that cryptocurrency and other innovations will affect the Fed's monetary policy capabilities. (First Squawk)

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.