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Federal Reserve Chair Jerome Powell said he does not intend to ban cryptocurrencies cryptocurrencies, but said stablecoins need greater regulatory oversight in a House Financial Services Committee meeting on Thursday.The two-hour long meeting, meant to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about
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This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Federal Reserve presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis. He also covers:A new WSJ investigation
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Federal Reserve Chairman Jerome Powell called the development of a U.S. central bank digital currency (CBDC) “critical work,” telling Senate Banking Committee ranking member Sen. Pat Toomey (R-Pa.) that “broad consultation and, ultimately, authorizing legislation from Congress” would be “ideal.”A two-and-a-half hour committee hearing intended to discuss the CARES Act
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Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after more than six years.In a Sept. 27 announcement, the Dallas Fed said Kaplan, its 13th president and CEO, would be retiring beginning Oct. 8. The 64-year-old cited recent
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekCrypto markets soar after Fed commits to
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The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of China’s Evergrande real estate firm and many feared that the possible
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Macroeconomic fears have gripped the bitcoin market over the past week, despite the appearance in price charts of a “golden cross” pattern that’s typically seen as a bullish indicator.A golden cross is when the 50-day moving average of an asset’s price climbs above its 200-day average. It happened in the
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The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert
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Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for
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All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a
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