#ReboundRally Trump Proposes U.S. Bitcoin Reserve; Fed Chair Powell Expresses Reservations

President-elect Donald Trump has proposed establishing a U.S. Bitcoin Strategic Reserve, aiming to position the nation as a leader in cryptocurrency adoption. Federal Reserve Chair Jerome Powell responded, stating that the Fed is not permitted to hold Bitcoin and is not seeking legislative changes to allow such holdings. Powell emphasized that any decision regarding a national Bitcoin reserve should be made by Congress.