Crypto influencer and investor Giannis Andreou has interpreted recent comments by Federal Reserve Chair Jerome Powell as indicating a shift toward a more favorable stance on cryptocurrency. Andreou expressed his views in a January 29 post on the social media platform X.
"This is massive—the Fed is finally starting to accept crypto," said Andreou. "Get ready, because the future is unfolding fast, and we need to be prepared. The game is changing, and it's time to move with it!"
Andreou shared a video of Powell stating, "Banks are perfectly able to serve crypto customers, as long as they understand and can manage the risks."
According to Decrypt, Powell's statement during the press conference followed an investigation by the House of Representatives into claims from crypto-affiliated individuals and businesses about experiencing "debanking." This situation has been referred to by some as "Operation Choke Point 2.0." Venture capitalist Marc Andreessen mentioned on The Joe Rogan Experience podcast in November that he personally knows 30 crypto and tech founders who have been debanked. Coinbase Chief Legal Officer Paul Grewal told Decrypt he sees Powell's comments as representing a significant change in attitude compared to the past four years.
Andreou is described on his website as an entrepreneur, investor, and social media influencer. He has produced over 30 educational courses available on YouTube covering topics such as cryptocurrency, blockchain, and digital economies.