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.
The GOP will accept crypto contributions through BitPay, allowing them to convert assets like Bitcoin and Ether into U.S. dollars. The National Republican Congressional Committee, or NRCC, announced Thursday that it will begin accepting campaign donations in cryptocurrency as a part of a broader effort to retake the House and stop Democrats from pursuing their policy agenda. “The NRCC is proud to lead the charge in accepting cryptocurrency campaign contributions,” chairman Tom Emmerson said in a statement, adding:“We are focused on pursuing every avenue possible to further our mission of....
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter. Tom Emmer, the recently re-elected Republican lawmaker representing Minnesota’s 6th district in the United States House of Representatives, has alleged Securities and Exchange Commission chair Gary Gensler had been helping FTX CEO Sam Bankman-Fried to gain a “regulatory monopoly” through the crypto firm.In a Nov. 10 tweet, Emmer criticized Gensler for “run[ning] to the media” amid FTX’s liquidity issues causing....
Last week, the Global Bitcoin Stock Exchange, for a long time the leading investment platform in the Bitcoin economy, suddenly and unexpectedly shut down. There has been much speculation about what has happened, as GLBSE founder James McCarthy (Nefario) maintained relative silence on the Bitcoin forums, and fears multiplied that government law enforcement agencies were behind the shutdown. Just like in the Bitcoinica case, there is also a substantial sum of Bitcoin deposits stored with the site, and so thousands of Bitcoin users around the world have a significant financial stake in the....