Crypto-friendly Wyoming Senator Cynthia Lummis has expressed significant concerns about the crypto track records of President Joe Biden’s nominees to head up the Federal Reserve for its next term, current Fed chair Jerome Powell and Fed governor Lael Brainard. As a result, she is likely to oppose the nominations and rally other Senators against them unless the Fed addresses her … [Read more...] about Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Powells
Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
Bitcoin (BTC) price continued its downtrend Wednesday, ahead of testimony from Federal Reserve Chairman Jerome Powell.Spot BTC/USD exchange rate fell to its seventeen-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to $31,515, extending their week-to-date losses to 9.5%.Bulls step in at $31.5K to buy the Bitcoin dip. … [Read more...] about Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech