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Chris Brummer, a Georgetown University law professor who runs the annual D.C. Fintech Week conference, may be the next chair of the Commodity Futures Trading Commission (CFTC), according to Reuters.The news service reported Thursday that Brummer is President Joe Biden’s leading candidate to head the federal commodities regulator.Brummer was previously
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Gary Gensler has taught courses about blockchain at MIT. Source
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After his most recent stint teaching about blockchain at MIT, former CFTC head Gary Gensler is reportedly the next SEC Chair.This episode is sponsored by Nexo.io.Today on the Brief:Visa drops $5.3B Plaid acquisition after DOJ antitrust suitECB President Christine Lagarde discusses bitcoin and digital euro Acting OCC chief Brian Brooks
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Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert announced Thursday he would resign early in 2021. “With the agenda I laid out last year now complete, the Commission can fully turn its focus to the unwritten future,” he said in Thursday’s announcement.“A majority of our work has taken place in
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U.S. Representative Maxine Waters, who chairs the powerful House Financial Services Committee, recommended that President-elect Joe Biden rescind or monitor all of the cryptocurrency-related guidance issued by the Office of the Comptroller of the Currency.In a letter sent to the incoming president Friday, Waters wrote that her committee has “conducted
Read MoreThe United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed's chairman, Jerome Powell.Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to
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Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy. In remarks before a virtual version of the annual Jackson Hole symposium, Powell said
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Federal Reserve Chairman Jerome Powell is expected to announce new measures to control inflation at his annual speech on the U.S. central bank’s policy approach during the Jackson Hole symposium Thursday. CryptoX First Mover Editor Bradley Keoun writes that Powell’s speech can have long-term implications on both bitcoin and ether,
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A speech by Federal Reserve Chair Jerome Powell scheduled for Thursday offers a reminder of just how dramatically once-slow-moving monetary forces have accelerated due to the devastating economic toll of the coronavirus pandemic. This time last year, President Donald Trump was vehemently criticizing Powell on Twitter for setting interest rates too
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Perfection shouldn’t be the enemy of good when it comes to regulating the cryptocurrency space, said Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert. The nation’s top commodities regulator, who recently marked his first anniversary at the CFTC, detailed his approach to cryptocurrency in a wide-ranging interview with CryptoX. Tarbert noted
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