Federal Reserve Vice Chairperson: Will not interfere with the adoption of cryptocurrencies, and such innovations will not affect the Federal Reserve's monetary policy capabilities
2025-11-17 15:24:08
On November 17, Federal Reserve Vice Chairperson Jefferson said that financial innovation has always been a feature of the US financial system, and the rise of digital assets is part of it. The Fed's regulations neither encourage nor prevent the use of cryptocurrencies, and it is up to the private sector. The Fed's role is to ensure that the banking industry remains safe and sound while the public accepts new technologies. As long as the Fed's policies are in sync with the needs of businesses and households, don't assume that cryptocurrencies and other innovations will affect the Federal Reserve's monetary policy ability.
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