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Federal Reserve Chairman Jerome Powell says January's inflation data suggests the Fed is close to, but not yet at, its inflation target.

In an interview with Bloomberg, US SEC Commissioner Hester Peirce said that many Meme tokens may not fall under SEC regulation because they are not explicitly categorised as securities under current regulations. She noted that if Congress or the Commodity Futures Trading Commission (CFTC) wanted to get involved, that would be their decision, and Peirce argued that Meme tokens have no intrinsic value and are more like a digital version of Beanie Babies or baseball cards. She said, ‘If people are willing to buy tokens that lack long-term value, they are free to do so, but should not be surprised by a price crash.’