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Fed's Powell Says He's Also Worried About Debanking That Strained U.S. Crypto

As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he'll address.

By Jesse Hamilton, Stephen Alpher|Edited by Nikhilesh De

Updated Feb 11, 2025, 7:23 p.m. Published Feb 11, 2025, 6:29 p.m.

U.S. Federal Reserve Chairman Jerome Powell — U.S. Federal Reserve Chairman Jerome Powell said he shares debanking concerns recounted by crypto industry. (Chip Somodevilla/Getty Images)