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Wyoming bitcoin evangelist Sen. Lummis wants to block Powell and Brainard's nominations to the Fed over their 'political approach' to crypto
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Cynthia Lummis, the Republican senator from Wyoming, said the nominations of Jerome Powell and Lael Brainard to the Federal Reserve stand in the way of crypto adoption.
Powell was nominated last week for another term as Fed chair, with his current term set to expire in February. Brainard, a Fed governor, was nominated to serve as vice chair.
But in a Tuesday op-ed in the Wall Street Journal, Lummis said, «Unfortunately, over the past year my faith in the Fed has been deeply shaken by its political approach to digital assets in my home state, Wyoming, greatly contributing to my concerns over President Biden's nominees, Jay Powell and Lael Brainard.»
She has been encouraging senators to block Powell and Brainard's
Read more on markets.businessinsider.comAbout this in other media
Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea business-standard.com /3 years ago
ECOMI, Aragon and Ramp breakout after Bitcoin price pushes above $49K cointelegraph.com /3 years ago
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US cointelegraph.com /3 years ago
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