Federal Reserve Chair Jerome Powell has confirmed that the central bank currently lacks the authority to hold Bitcoin or any other cryptocurrencies. This statement underscores the ongoing regulatory uncertainty surrounding digital assets in the United States. Powell emphasized that any decision to include cryptocurrencies in the Federal Reserve's reserves would require Congressional approval. This development highlights the challenges faced by the cryptocurrency market in gaining institutional acceptance and regulatory clarity. The lack of a clear regulatory framework continues to cast a shadow over the industry's growth prospects.