Federal Reserve Chair Jerome Powell has called for clear and comprehensive regulation of the cryptocurrency market, emphasizing the need for regulatory clarity to enhance market trust and eliminate bad actors. Speaking at the Fed’s Division of International Finance 75th Anniversary Conference in Washington, Powell highlighted the growing mainstream adoption of digital assets like stablecoins and decentralized platforms. Powell also addressed monetary policy, indicating that interest rate cuts are unlikely in the near term due to persistent inflation above target levels. His comments provided short-term relief to markets, with Bitcoin rebounding to $105,455. However, ongoing global uncertainties continue to affect risk assets, including cryptocurrencies.