Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
The sudden drop in prices last Thursday caught the interest of several significant investors.
Vitalik Buterin initiated a transfer exceeding $1 million worth of ether to the Coinbase crypto exchange on Monday.
They would participate in pre-approved bitcoin futures ETFs.
The crypto markets experienced a significant decline on late Thursday, with Bitcoin (BTC) plummeting to as low as $25,000 on the Binance cryptocurrency exchange.
Customers utilizing Ledger Live, the platform's functionality enabling the purchase of cryptocurrencies using traditional currency, can now seamlessly link their PayPal accounts to the application.
Meme coins and low-cap cryptocurrencies continue to be the preferred choices for traders, while investors in Bitcoin eagerly await a prompt ETF decision.
Last year, the ex-President of the United States introduced an NFT collection.
PLUS: The ongoing tragicomedy surrounding Sam Bankman-Fried took another turn on Friday as his bail was revoked. Even prior to this verdict, David Morris, a CoinDesk columnist, had already outlined why the final outcome was easily foreseeable.
The likelihood of another rate hike is diminishing due to the modest Consumer Price Index (CPI) figures.