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Bitcoin Analysis: Will Bears Break Through the 90k Barrier?
In December 2024, Federal Reserve Chairman Jerome Powell addressed the possibility of a favorable regulatory environment for Bitcoin following Trump’s arrival. During a press conference, Powell stated that the central bank's internal regulations prohibit holding Bitcoin and that any changes to this policy would require congressional approval. This directly impacts the feasibility of establishing a strategic cryptocurrency reserve. Currently, the most concrete proposal for cryptocurrency regulation comes from Senator Cynthia Lummis, who introduced the Bitcoin Act of 2024. This legislation would allow the Treasury ... (full story)