Jerome Powell, Chairman of the Federal Reserve, recently addressed the possibility of the Fed holding strategic reserves of Bitcoin during a press conference following the FOMC meeting. In response to a question on the matter, Powell stated that the Fed is not permitted to hold Bitcoin and does not anticipate any policy changes in this regard. He emphasized that such matters fall within the purview of Congress, indicating that any legislative initiatives to establish strategic Bitcoin reserves would need to originate from that body. This statement reinforces the position that the Fed has consistently maintained regarding its involvement with cryptocurrencies. The central bank has repeatedly expressed reservations about the volatility and speculative nature of crypto assets, and has not indicated any intention to directly engage with them. It remains to be seen if Congress will take up the issue of establishing strategic Bitcoin reserves, but Powell's comments suggest that any such proposals would face significant challenges.

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