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 […]
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....
Kevin Hassett has surged ahead in the race to become the next Federal Reserve Chair, as the crypto market watches closely. Hasset emerged as President Donald Trump’s preferred candidate while the administration accelerates its search ahead of a planned Christmas announcement. Related Reading: Hoskinson Claims Cardano Revival Starts Now: Here’s What’s Coming With Jerome Powell’s […]