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Bitcoin was trading 4.05% higher on Friday morning.
The price was just above $ 45,000 per coin, while rivals Ethereum and Dogecoin were trading around $ 3,119 (+ 4.59%) and 20.6 cents (+ 2.61%) per coin, respectively. , according to Coindesk.
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In a two-hour meeting Thursday with members of the House Financial Services Committee, U.S. Federal Reserve Chairman Jerome Powell said he had no plans to ban cryptocurrencies, but said stablecoins need more regulatory oversight.
Bitcoin was trading 4.05% higher on Friday morning. (iStock)
The meeting was designed to serve as a forum for representatives to question Treasury Secretary Janet Yellen and Powell on the Treasury Department and Federal Reserve response to the pandemic, but presented several questions about cryptocurrencies, reported Coindesk.
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Powell’s remarks come two days after he asked Congress for consultation and legislative support to develop the digital dollar, according to the report. Members of the crypto community have speculated that the creation of a U.S. central bank digital currency, or CBDC, would result in a ban on private crypto, as was recently seen in China, but remarks from Powell suggest otherwise.
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