Powell: Crypto Industry Will Benefit from More Regulation

BlockBeats News Update, January 30: Federal Reserve Chairman Powell stated at a press conference that the cryptocurrency industry may benefit from more regulatory rules to govern its behavior.

He said, "We are not against innovation, nor are we against banks interacting with the cryptocurrency space. But if there is a larger regulatory framework around cryptocurrency, that would be helpful. That would be a very constructive thing for Congress to do." (FXStreet)