US Fed is not ‘looking for a law change’ to own bitcoin

US Federal Reserve Chair Jerome Powell said on Wednesday that the central bank has no plans to add bitcoin to its balance sheet.
“We’re not allowed to own bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed,” Powell stated.
Meanwhile, President-elect Donald Trump has shown support for the cryptocurrency industry during his campaign and has even floated the idea of establishing a strategic reserve of bitcoin.