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Former chairman of the U.S. Securities and Exchange Commission, or SEC, Jay Clayton, was appointed by ex-President Donald Trump to serve in 2017. In his tenure as head of the SEC, Clayton often defended Bitcoin (BTC) as a store of value. This past Wednesday, during an interview with CNBC's Squawk Box
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Congressional lawmakers confirmed the nomination of Rostin Behnam, a commissioner at the Commodity Futures Trading Commission who had been serving as acting chairperson, to assume his position on a more permanent basis.In a Wednesday evening voice vote, members of the U.S. Senate approved President Joe Biden’s pick to lead the
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So the shift in messaging by Powell, during testimony before a U.S. Senate panel, might signal that authorities now see the inflationary pressures as longer lasting – potentially indicating the bank might be less willing to continue the loose monetary policies that have buoyed markets for risky assets, including cryptocurrencies. Original
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Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.According to a Nov. 23 announcement, Brown sent notices to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether requesting
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Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney. The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.” As a corporate and markets
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President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors.In a Monday announcement, the White House announced President Biden would be nominating Powell as his pick to lead the Federal Reserve once his current term ended in
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U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years.Biden appears to have gone with the candidate who was better known to investors, while providing economic
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Good morning. Here’s what’s happening this morning:Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.Catch the latest episodes of CoinDesk TV for insightful interviews with
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Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.In a Wednesday hearing of the Joint Economic Committee on the role of digital assets in government, Massad said a central
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Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of
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