U.S. Federal Reserve chairman Jerome Powell said the central bank is looking into the SECGov’s recently-released directive on digital assets custody. By jesseahamilton
that customers’ assets may be caught up with the company’s in a hypothetical bankruptcy. That admission caused some fear among customers, though the company argued it wasn’t a signal about the company’s health.Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Language Is SEC Requirement, CEO Armstrong Says
"Custody assets are off balance sheet, have always been,” Powell told the Senate Banking Committee. “The SEC made a different decision as it relates to digital assets for reasons it explained, and now we have to consider those.” As it relates to the banks the Fed oversees in the U.S., Powell said the SEC’s interpretation is “certainly something we're focusing on very closely right now,” adding that his agency is working with other banking regulators to figure out how it might change the way they assess lenders that keep cryptocurrencies.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
AUD/USD faces barricades around 0.6980 despite positive RBA minutes, Fed Powell eyedThe AUD/USD pair has witnessed selling pressure around 0.6980 despite the positive minutes from the Reserve Bank of Australia (RBA). The asset has exp
Baca lebih lajut »
AUD/USD tumbles below 0.6920 as market mood sours, Fed Powell eyedThe AUD/USD pair has witnessed a steep fall after slipping below the round-level support of 0.6940 in the Asian session. The asset is expected to disp
Baca lebih lajut »
Powell Says Fed Will Continue Hiking Rates Until There Is ‘Clear Proof’ That Inflation Is Slowing“We are strongly committed to bringing inflation back down,” Powell told Congress.
Baca lebih lajut »
Elizabeth Warren to Fed chair Jerome Powell: Don't 'drive this economy off a cliff''You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work,' Sen. Warren said, urging caution on rate hikes. 'I hope you consider that before you drive this economy off a cliff.'
Baca lebih lajut »
Powell: Fed aiming to avoid recession amid inflation fightFederal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.
Baca lebih lajut »
US Dollar Index: Bulls regain control and target 105.00, focus on PowellThe greenback, in terms of the US Dollar Index (DXY), regains the smile and approaches to the 105.00 mark on Wednesday. US Dollar Index looks to Powel
Baca lebih lajut »