Bitcoin’s price fell by more than 5% on Wednesday following comments from United States Federal Reserve (Fed)’s chairman Jerome Powell.

Powell said the central bank does not plan to hold bitcoin, noting that the Federal Reserve Act outlines what the central bank may own, and changes to this law are not being considered.

Powell’s comments followed a question about the possibility of the United States establishing a Bitcoin reserve, as suggested by President-elect Donald Trump.

Powell emphasized that any decisions regarding such measures would be for Congress to address, rather than the Federal Reserve.