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#Gate.io Has Officially Partnered with Oracle Red Bull Racing Federal Reserve Chair calls for reassessment of banks' exclusion from the cryptocurrency industry
According to the "Oudaily" website, Federal Reserve Chairman Jerome Powell acknowledged the need to reassess the issue of excluding banks facing the cryptocurrency industry. During a hearing of the Senate Banking Committee on Tuesday, committee chairman and Republican South Carolina Senator Tim Scott asked Powell about cooperation to ensure that financial regulations do not impose unnecessary burdens. Powell responded, saying: "I will commit to working with you on this issue. We are already seeking to avoid excessive burdens, and frankly, I think it's fair to reassess the issue of excluding banks. We do not intend for this to happen, but regulations sometimes lead to certain outcomes, and we need to improve that."
Tim Scott Powell also asked if he agreed to work with legislators to end the exclusion from banking services, which Powell agreed to.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #BTC Market Trend Analysis #Join Content Creators Challenge & Win $3,000