Republican Kevin McCarthy says Fed chair needs more education on crypto
The House minority leader said the United States should not take a backseat to China when it comes to digital currencies. Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the Treasury and chair of the Federal Reserve may need to reevaluate their positions on crypto.Speaking on CNBC's Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy....
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Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries. Government and the Fed Should Not Ignore Bitcoin GOP leader Kevin McCarthy talked about bitcoin in an interview with CNBC last week. Congressman McCarthy serves California’s 23rd district and is currently the Republican leader in the U.S. House of Representatives. He was asked specifically if he thinks that....
In a recent interview, U.S. House Minority Leader Kevin McCarthy said lawmakers should not ignore bitcoin, but understand its future role.
Quick Facts: ➡️ The market puts the odds of Kevin Hassett becoming the next Fed chair at 84% and waits for Trump to make the announcement. ➡️ A crypto-friendly Hassett could revitalize the market and bring more investors in, effectively ending the current bear market. ➡️ Bitcoin Hyper uses SVM-based execution to bring scalable smart […]
US President Donald Trump is expected to unveil his pick for the next Federal Reserve chair on Friday morning, with former Fed governor Kevin Warsh emerging as the clear market favorite, an event that could jolt rate expectations and, by extension, Bitcoin and crypto volatility. Warsh met with Trump at the White House on Thursday, […]
United States President Donald Trump has unveiled former Federal Reserve Governor Kevin Warsh as his pick for the next chair of the US central bank. This move confirms the circulating rumors after the former Fed governor reportedly met with Trump at the White House on Thursday, January 29. Trump Pushes Warsh To Senate For Fed Chair Position On Friday, January 30, Trump, via his social media platform Truth Social, announced his nomination of ex-Fed official Kevin Warsh as the successor of Jerome Powell as the Federal Reserve chairman. Prior to this announcement, prediction platforms had....