Federal Reserve Chair Jerome Powell dropped a few bombs today during his Senate testimony that benefit us crypto investors. The first nugget is that Powell says there’s room for privately issued stablecoins to exist alongside a possible central bank digital currency. This is big news for those worried about the collapse of stablecoins.
The Fed also plans to publish a report on digital currencies in the coming weeks. But Powell didn’t offer many details about the report other than to say it’s not perfect.🔥 Join my FREE private Telegram where I post set-ups and trades I’m watching. https://www.telegram.com/morninginvest
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