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flag Federal Reserve Chair Jerome Powell says the Fed won't hold bitcoin due to current regulations.

flag Federal Reserve Chair Jerome Powell stated that the U.S. central bank does not plan to hold bitcoin due to existing regulations that prohibit it. flag Powell clarified that the Fed is not seeking any legal changes to allow ownership of the cryptocurrency, leaving any potential changes to Congress. flag His comments came in response to discussions about a possible Strategic Bitcoin Reserve under the new administration and led to a drop in bitcoin's value.

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