Powell: The crypto industry will benefit from more regulation

According to BlockBeats, on January 30th, Federal Reserve Chairman Powell stated at a press conference that the cryptocurrency industry may benefit from more regulatory rules to manage its behavior. He said, "We are not against innovation, nor are we against the interaction between banks and the cryptocurrency field. But if there is a larger regulatory agency around cryptocurrency, it would be helpful. This would be a very constructive thing that Congress needs to do