Bitcoin Soars 5%, Why FED Powell’s Nomination Could Give It New Momentum
Bitcoin has experienced a rise in volatility during the weekend testing both critical support levels below $57,000 and major resistance above $59,000. The crab-like price action seems set to continue as holidays in the U.S. could reduce trading volume across the board. Related Reading | Why Hillary Clinton Thinks Bitcoin Undermines The U.S. Dollar As […]
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“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services... I think there’s a strong case for that,” said Pat Toomey. Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency, or CBDC.In a Tuesday interview with Bloomberg's David Westin, Toomey said the U.S. dollar should have “the most....
Recent reports revealed that the White House has withdrawn Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission (CFTC) after the pro-crypto candidate’s confirmation process was stalled in July. Related Reading: Circle And Deutsche Börse Partner To Boost Stablecoin Adoption In Europe Quintenz’s CFTC Chair Nomination Withdrawn On Tuesday, Politico reported that the White […]
Galaxy CEO Mike Novogratz predicts a $200,000 Bitcoin if Jerome Powell’s replacement is dovish. The comment came during an interview with Kyle Chasse, where Novogratz declared: Trump told us he wants a dove in the Fed […] And if he picks a dove enough of a person, there’s gonna be an ‘oh s**t’ moment. Gold […]
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. The United States Senate has confirmed the nomination of Jerome Powell as the chair of the board of governors of the Federal Reserve System until 2026.In an 80–19 landslide vote on the Senate floor on Thursday, U.S. lawmakers confirmed Powell as chair of the Federal Reserve, a position he held from February 2018 until February 2022, when he was named chair pro tempore until a confirmation vote could be secured. Powell....
Bitcoin’s next major leg higher may depend less on halving lore and more on personnel politics in Washington. In an August 18 market note on X, economist and crypto analyst Alex Krüger argued that the cycle’s duration will be set by the Federal Reserve’s leadership change—specifically, who President Trump nominates to replace Jerome Powell—rather than by any fixed four-year pattern. “I have a high degree of confidence this cycle is not over because I am expecting changes in the Fed to bring on considerably more dovish monetary policy, which is not priced in at the moment; this would start....