| Hey, everyone, I hope you're having a great Thursday! Because the market is! Bitcoin's price soared following yesterday's comments from Jerome Powell - the chairman of the US Federal Reserve. During the press conference following the Federal Open Market Committee meeting on January 29, 2025, he addressed the topic of cryptocurrency regulation. He emphasized that while banks are "perfectly able to serve crypto customers" provided they manage associated risks, there exists a higher threshold for banks engaging in crypto-related activities due to their novel nature. Powell stated, "We're not against innovation, and we certainly don't want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion, maybe related to regulation and supervision." He further highlighted the need for a more comprehensive regulatory framework around cryptocurrencies, suggesting that congressional action would be beneficial in addressing potential risks to households. Powell noted that Congress has been actively working on this issue, and the Federal Reserve has been collaborating with lawmakers to develop appropriate regulations. | 
