'WE'RE NOT ALLOWED TO OWN BITCOIN,' FED CHAIR POWELL SAYS IN LIGHT OF TRUMP'S STRATEGIC BITCOIN RESERVE PROMISE

Summary from the TLDR Crypto newsletter

Federal Reserve Chair Jerome Powell stated that the central bank is prohibited from owning Bitcoin and is not seeking legislative changes to alter this restriction. This clarification comes amid President-elect Donald Trump's proposal to establish a strategic Bitcoin reserve, a plan that has garnered support from figures like Senator Cynthia Lummis, who introduced a bill directing the U.S. Treasury to acquire one million Bitcoins over five years.