Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]
Coinbase CEO and Fed Chair Met in May Over Crypto Regulatory Clarity
Brian Armstrong, CEO of Coinbase stated that his goal in meeting with members of Congress and chiefs of several government agencies was to assist address lawmakers’ queries about cryptocurrency. Chairperson Jerome Powell met with Coinbase CEO Brian Armstrong before the Federal Reserve said it will produce a discussion paper on a central bank digital currency. […]