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Donald Trump elevated him to lead the Fed in 2018 though the Republican president spent a fair amount of time whining incessantly about Powell and raising the specter of firing him. Cryptocurrencies have failed to become a viable payment method Fed chair Jerome Powell told a said Thursday. Fed Chair Jerome Powell Discusses Leveraging An Ethereum Based Libor Replacement You wouldnt need cryptocurrencies if you had a digital US currency the. Jerome powell crypto . Jerome Powell the current chair of the Federal Reserve has been selected to his position for a second time by United States President Joe BidenPowell is someone who cautiously accepts the crypto market though he stresses regulation. FILE - In this Sept. Federal Reserve Chairman Jerome Powell testified to Congress on Thursday that the central bank has no intention to ban cryptocurrencies. US President Joe Biden renominated the current FED Chair Jerome Powell for a second term as the crypto community prepares for mor...