The Federal Reserve governor discusses the impact of cryptocurrencies on US dollar dominance. Banks say Bitcoin ETFs should be avoided as a primary asset.

The Federal Reserve Governor noted the impact of cryptocurrencies on the dominance of the US dollar. He also expressed doubts about the need for a U.S. central bank digital currency (CBDC) and expressed opposition to banks holding Bitcoin exchange-traded funds (ETFs) as their primary asset. Fed President on Cryptocurrencies, CBDC and US Dollar Federal Reserve President (…)