BREAKDOWN: Powell Says No Crypto Ban as ‘Uptober’ Kicks Off

In comments before the House Financial Services Committee the Fed chair says it’s not his intention to ban crypto.

This episode is sponsored by NYDIG.

On today’s episode, NLW discusses the market mood shift as September becomes October, and looks at:

  • Powell’s comments on crypto bans before Congress
  • El Salvador’s volcano bitcoin mining 
  • Mayor Suarez’s MiamiCoin
  • A Helium initiative to fix the digital divide 

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Alex Wong/Getty Images News, modified by CoinDesk.

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