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Federal Reserve Chair Jerome Powell: U.S. Has No Plans To Ban Bitcoin and Crypto

On Thursday afternoon in the course of the Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response hearing Federal Reserve Chairman Jerome Powell confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies.

During the hearing, House Representative Ted Budd (R-N.C) questioned Chairman Powell in regards to the state of inflation within the United States. Powell deflected the inflation questions, claiming the inflation on this nation is due to the oft-repeated provide chain crises attributable to the Government’s pandemic response.

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