Federal Chairman Jerome Powell stated that the federal agency should not wait for 2% inflation to cut interest rates. This statement has created a bullish wave in the crypto market, although the steady interest rate has had no impact. Powell also indicated the wider integration of cryptocurrencies in the banking sector, stating that banks are capable of serving crypto customers as long as they can manage risk and ensure safety. This integration has the potential to transform the banking industry in terms of cross-border payments and crypto trading.



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