Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer
A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained. The Fed’s New Chief Innovation Officer Is Pro-Bitcoin The Federal Reserve Bank of Richmond serves as the hub of the Federal Reserve’s enterprise IT organization. This nationwide team delivers technology solutions and support across the Federal Reserve System and the Board of Governors. The....
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Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank. The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.The seat has become vacant in September 2021, when the then-president Eric Rosengren expedited his retirement amid a controversy around his securities trading while in office. Collins, who is Jamaican-American, will become the first Black woman in the Fed’s history to lead a Federal Reserve Bank. She will assume office on....
Taking a proactive approach, Kraken has appointed Howard Bernstein, the ex-CCO of Merriman Capital as the new Chief Compliance Officer. The company says the appointment will help it as Bernstein is someone who comes with similar background, can anticipate the evolving regulation around Bitcoin and to help ensure it is regulated in a way that protects consumers while allowing the game-changing Bitcoin ecosystem to flourish. The announcement from Kraken says: “Today we’re pleased to announce a great new addition to the team, who will help us advance our proactive approach. Howard Bernstein....
Former Visa anti-money laundering and anti-terrorist financing officer Tim Byun has announced that he will join Georgia-based bitcoin merchant processor BitPay as its chief compliance officer. Byun served as a Visa executive from February 2009, and previously worked at the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Corporation (FDIC). BitPay executive chairman Tony Gallippi framed the hiring as a move that would further demonstrate his company is meeting the expectations of US regulators as it seeks to expand bitcoin adoption among global merchants. Gallippi....
Several U.S. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.”
Members of Congress Urge Fed Chair Powell to Support Crypto Innovation
Several U.S. Congress members have sent a letter to Fed Chair Jerome Powell asking him several questions regarding the Fed’s effort on cryptocurrency regulation. The bipartisan letter is signed by Reps. Tom Emmer, Darren Soto, Frank....
During Mulvaney’s speech to the John Birch Society chapter, the also praised Bitcoin for its ‘immutability”. Bitcoin enthusiasts are not the biggest fans of the Federal Reserve. Some people would even go as far as saying how the Fed is the cause of all evil in the US economy. One of the people sharing such strong sentiments is Mick Mulvaney, Donald Trump’s budget chief. Interestingly enough, he is also a founder of the Congressional Bitcoin Caucus. When appointing a new budget chief, the President-elect made a rather surprising choice. Up until that moment, very few considered Mick....