Discover more from Token Dispatch
The US says it won't follow china in banning cryptocurrencies
Phew! that is a good sign of relief as Jerome Powell, the chairman of the Federal Reserve told Congress that he has "no intention to ban" cryptocurrencies as china has done. Though this might feel obvious, this clarification can boost communities trust
Any good? yes, this is also good for stable coins like Tether and USDT which are pegged for 1$ and are fully backed by reserves to gain trust from the users.