US Federal Reserve Chairman Jerome Powell says he has no plans to outlaw cryptocurrencies. While testifying before Congress, Powell fielded crypto-related questions from Representative Ted Budd in the wake of China’s recent ban across the digital asset space. The North Carolina Republican first asked the chairman about a statement he made during previous testimony in July. “You were asked about CBDCs, or central bank digital currencies, and their impact on stablecoins and other cryptocurrencies. And you stated… ‘You wouldn’t need stablecoins, you wouldn’t need cryptocurrencies if you had a digital US currency.’ So Mr. Chairman, as a matter of policy,...