Fed Chairman Jerome Powell also mentioned cryptocurrencies in his statements at the Economic Club of Chicago, causing increased volatility in the price of Bitcoin.

Here are Fed Chair Jerome Powell's statements on cryptocurrencies, stablecoins, and artificial intelligence:
Cryptocurrency is becoming increasingly mainstream, and it's a good idea to create a legal framework for stablecoins.
Stablecoins can have wide appeal, and consumer protection measures should be established.
A "partial relaxation" of cryptocurrency-related bank regulations is expected.
While AI is one of two or three factors that could bring fundamental changes to the economy, its ultimate impact is difficult to predict.
Artificial intelligence is still in its infancy.#HotTopicDiscussion