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Federal Reserve proposes Bitcoin-related changes to Congress by end of 2025?
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Resolution / Starting Odds
Yes • 50%
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Official announcements from the Federal Reserve or Congressional records
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Powell Says Fed 'Not Allowed to Own Bitcoin'; Bitcoin Drops 4.87% to $101,236
Dec 18, 2024, 08:14 PM
Federal Reserve Chair Jerome Powell stated that the Federal Reserve is prohibited from owning Bitcoin and is not seeking any legislative changes to alter this. When asked about the potential for the U.S. government or the Federal Reserve to build a reserve of Bitcoin, Powell responded, "We're not allowed to own Bitcoin and we're not looking for a law change." He explained that the Federal Reserve Act specifies the assets the central bank can hold and emphasized that any changes to this policy would be for Congress to consider. Following Powell's remarks, Bitcoin's price declined by 4.87% to $101,236.00.
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Approve and begin purchases • 25%
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