Federal Reserve (Fed) Chairman Jerome Powell stated that U.S. banks can serve crypto customers as long as they understand the risks, but FOX Business journalist Eleanor Terrett believes he is subtly discouraging them. Terrett reported that a source at a major bank interpreted Powell's statement as suggesting banks can make their own decisions regarding serving crypto customers but with an underlying tone of discouragement. The source also expressed skepticism about Powell's assertion, stating that regulators have made it increasingly difficult for banks to work with crypto clients. This contrasts with Powell's previous aggressive stance on crypto, where he referred to Bitcoin as a speculative asset and noted that the Fed is prohibited from owning it. Meanwhile, the Fed's decision to pause interest rate cuts has boosted cryptocurrency prices, with Bitcoin surpassing $105,000.



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