At Tuesday’s hearing, Powell was asked by Ranking Member Sen. Pat Toomey (R-Pa.) whether, if the Fed was given authorization from Congress to pursue a CBDC, if that would mean that a CBDC could not coexist with “well-regulated, privately-issued stablecoins.” Source link … [Read more...] about Powell Tells Senate Fed Will Release Its Crypto Report ‘Within Weeks’
Powell
Fed Chair Jerome Powell Appears Before the Senate Banking Committee
Federal Reserve Chair Jerome Powell has run the U.S. central bank for the last four years, but his most significant work may have come in the past two years during the COVID-19 pandemic. President Joe Biden recently nominated Powell to a second term helming the Fed. The Senate Banking Committee will question the bank regulator on Tuesday. They will likely focus on current … [Read more...] about Fed Chair Jerome Powell Appears Before the Senate Banking Committee
Most Influential 40: Jerome Powell
Federal Reserve Chairman Jerome Powell is likely the most influential man in crypto. Too bad he hates the stuff. As leader of the U.S. central bank, Powell perpetrated the largest monetary experiment in history in response to the coronavirus crisis – including expanding the supply of U.S. dollars, nearly doubling the Fed’s balance sheet and allowing the economy to “run hot” … [Read more...] about Most Influential 40: Jerome Powell
Bitcoin Tops $58K With Focus On Omicron and Fed’s Powell Speech
“Bitcoin is largely being grouped with other risk assets at the moment,” Matthew Dibb, COO and co-founder of Stack Funds, said. “After Friday’s collapse in equities, we have seen some buying in major coins, but it’s too early to say whether it will continue.” Source link … [Read more...] about Bitcoin Tops $58K With Focus On Omicron and Fed’s Powell Speech
Jesse Powell addresses reasons for Kraken dropping Monero in the U.K
Kraken CEO Jesse Powell took to Reddit this week to discuss the situation surrounding the dropping of Monero in the U.K.He implied it was a decision he didn’t want to take, but with one eye on the “broader business” in the U.K, it was something he was forced to do.“Unfortunately, we have to pick our battles and look out for the broader business in the country.”Driven by … [Read more...] about Jesse Powell addresses reasons for Kraken dropping Monero in the U.K