Crypto Report To Come ‘Within Weeks,’ Powell Promises Senators

By Veronika Bondarenko “We didn’t get it to quite where we needed to get it,” Fed Chairman Jerome Powell said at his confirmation hearing. A long-awaited report exploring the benefits of cryptocurrency and a possible central bank digital currency will be ready “within weeks,” Federal Reserve chairman Jerome Powell promised once again at his confirmation hearing. Powell, who on Tuesday testified in front of the Senate Banking Committee after being re-nominated as head of the Fed, was asked about the status of the crypto report by Sen. Mike Crapo (R-Idaho). The paper, which will look at cryptocu…

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