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When will the Federal Reserve report on cryptocurrencies be released?

(Photo by Brendan Smialowski-Pool/Getty Images) The Federal Reserve’s highly anticipated report on cryptocurrencies and central bank digital currencies (CBDCs) – initially slated to come out last September – will be released “within weeks,” Fed Chairman Jerome Powell told a U.S. Senate committee on Tuesday.

Will Banks be able to invest in crypto in 2022?

Last year, U.S. banking regulators including the Fed and the OCC jointly said that they intended to clarify in 2022 what sort of activities banks could engage in involving crypto, including whether firms were able to hold digital assets on their balance sheet and facilitate crypto trades on behalf of customers. read more

What will the Fed's hawkish policy shift in 2022 mean for crypto?

The Fed’s hawkish policy shift in 2022 has been an ongoing tailwind for crypto prices. Crypto has been battered since last Friday’s hot US inflation data boosted the prospect of a 75bps hike this week. If the Fed surprises hawkishly on Wednesday, Bitcoin could fall under $20K and Ethereum under $1K.

What will the FOMC announcement mean for the cryptocurrency industry?

The announcement will have a huge bearing on the direction of the U.S. economy as a whole. It may have particularly pronounced impacts on both short- and long-term trends for the cryptocurrency industry. The FOMC is expected to firm up at least two elements of the Federal Reserve’s plans for the year, though both have been broadly telegraphed.

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