US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon

US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon


At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.”

Addressing Idaho Senator Mike Crapo remotely from the Dirksen Senate Office Building on Tuesday, Powell said the Fed’s report on digital currencies wasn’t “quite where we needed to get it” but would be released soon regardless. The Fed chair cited “changes in monetary policy” as part of the reason for the delayed report, which is expected to address policy surrounding the possible rollout of a central bank digital currency in the United States.

“It’s more going to be an exercise in asking questions and seeking input from the public rather than taking a lot of positions on

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