Trump Moves To Install Pro-Bitcoin Leader At The Federal Reserve
US President Donald Trump formally sent the nomination of pro-Bitcoin Kevin Warsh to the US Senate on Wednesday, beginning a process that could replace Jerome Powell when his term ends in May. Related Reading: US Moves Bitcoin During Iran Strikes — Market Watches Closely Reports say the White House filed paperwork to seat Warsh as […]
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As the Trump era dawns on the world, there are mixed feelings. On the one hand, there is the promise of a new age of politics brought on stage by a man that won the elections as an outsider. On the other hand, the anxieties stemming from the sheer unpredictability of the man. Yet there is one widely imagined benefit that Trump may have - He is good for Bitcoin. Make Bitcoin Great Again. Bobby Lee, CEO of BTCC is certainly upbeat about Donald Trump assuming the presidency. In a tweet, he says “Together, we can make #bitcoin great again”. Lee has been positive on Bitcoin prices for 2017 and....
Bitcoin reacted swiftly late Monday after President Donald Trump said he is removing Federal Reserve Governor Lisa D. Cook “effective immediately,” invoking the Federal Reserve Act’s “for cause” clause and citing alleged false statements on 2021 mortgage applications. Cook rejected the move, said she will not resign, and has retained counsel, setting up an unprecedented […]
President Donald Trump has signed an executive order pushing US financial regulators and requesting action from the Federal Reserve to review whether fintech and crypto-linked firms should get broader access to core payment infrastructure. For Ripple, which has been seeking a Fed master account tied to its RLUSD stablecoin strategy, the order moves a long-running […]
Donald Trump isn’t exactly known for subtlety, and now he’s aiming his wrecking ball straight at the Federal Reserve. The rumor mill is spinning fast – will President Trump really fire Jerome Powell? Anthony Pompliano, crypto investor and entrepreneur, says that could set a dangerous precedent. Meanwhile, prediction markets like Polymarket are lighting up with […]
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....