Fed Chair Powell calls Bitcoin a competitor to gold, not the US dollar

2024-12-5 23:19

Fed Chair Powell views Bitcoin as a competitor to gold, not the US dollar, highlighting its volatility and speculative nature. The post Fed Chair Powell calls Bitcoin a competitor to gold, not the US dollar appeared first on Crypto Briefing. origin »

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US Doesn’t Need More Digital Currency, It Already Has The Dollar, Says SEC Chair

In a recent interview, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chair, declared that the United States does not require any other digital currency. As the SEC takes legal action against major cryptocurrency exchanges Binance and Coinbase for allegedly operating unregistered securities exchanges, Gensler emphasized that the U.S. dollar already serves as a […]

2023-6-7 01:00


At Times Bitcoin Felt Like A “Somewhat Frothy Market,” says Fed Chair Noting Stablecoins “Growing Really Fast”

While worried about that, the Fed is promising “powerful support” through monetary policy. Jerome Powell also called for “appropriate regulation” of stablecoins and getting the digital dollar right, rather than fast, because the US is “not in danger of losing” the reserve currency status.

2021-7-17 17:53


US Fed Chair Jerome Powell Rules Out The Private Sector in Creation of a Digital Dollar

Jerome Powell, the U.S Fed Reserve Chairman, has said that private entities should not be part of the creation process of a digital dollar. Appearing before the House Financial Services Committee on June 17, the Fed Chair highlighted that monetary policy functions should be left to the central banks regardless of the operating ecosystems. On […]

2020-6-18 19:14


Former CFTC Regulator Launches Foundation to Digitize the Dollar

Crypto Dad may have left the CFTC, but he’s just getting started in the cryptocurrency industry in his new role with a non-profit, the Digital Dollar Project. Crypto Dad Is Back J. Christopher Giancarlo, former Chair of the Commodity Futures Trading Commission (CFTC) also known as “Crypto Dad” for his favorable stance toward the digital […] The post Former CFTC Regulator Launches Foundation to Digitize the Dollar appeared first on Crypto Briefing.

2020-1-16 19:08


Mnuchin Has No Problem With Libra Crypto Launch; Agrees With Powell, No Need For A Digital Dollar

Steven Mnuchin, the US Treasury Secretary said that he and Jerome Powell, the Federal Reserve Chairman, think the US doesn’t need to create a digital currency soon. This is what Mnuchin declared on Thursday, at a Washington House Financial Services Committee hearing: “Chair Powell and I have discussed this — we both agree that in […]

2019-12-6 17:59


Former FDIC Chair Called Out Subprime Mortgages Ahead of Issues; Now Tells FED To Look At CBDC’s

Members of the US Congress the French Hill (R-Arkansas) and Bill Foster (D-Illinois) have recommended the Federal Reserve regarding issuing a digital version of the US dollar. In a letter addressed to the Fed, they highlighted that the country’s currency is in long term danger due to the acceptance of digital fiat currency. Sheila Bair, […]

2019-10-7 21:59


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Coinbase wins regulatory nod in India as it seeks re-entry

U.S.-based cryptocurrency exchange Coinbase has registered with India’s financial regulator to offer crypto trading services in the country. Coinbase is preparing to re-enter the Indian market after securing regulatory approval from the country’s Financial Intelligence Unit. In a March 11…

OCC gives green light for banks to custody digital assets

The Office of the Comptroller of the Currency (OCC), the US regulatory body responsible for overseeing national banks, issued a significant clarification on Friday regarding crypto activities. The OCC announced that banks are now permitted to engage in certain crypto-related operations without seeking prior regulatory approval, giving the green light for banks to custody digital […] The post OCC gives green light for banks to custody digital assets appeared first on CryptoSlate.