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Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds

Crypto-friendly U.S. Sen. Cynthia Lummis (R-Wyo.) has expressed significant concerns about the crypto track records of Fed Chair Jerome Powell and Fed Governor Lael Brainard, Biden's nominees to head the Federal Reserve for its next term. Lummis is likely to oppose the nominations unless the Fed responds. "The Hash" squad discusses the potential battle brewing in the realm of the Fed and the possible repercussions for crypto regulation across the nation.

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Policy

Сенатор Ламмис, вероятно, выступит против назначения Пауэлла на пост главы ФРС по соображениям, связанным с Криптo

Сенатор от Вайоминга, скорее всего, проголосует против кандидатур президента Байдена на пост главы Федеральной резервной системы США и Rally против них других сенаторов, сказал помощник Ламмиса.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

Markets

Bitcoin падает, поскольку председатель ФРС предполагает, что инфляция больше не является «временным явлением»

Изменение позиции председателя Федеральной резервной системы Джерома Пауэлла свидетельствует о том, что центральный банк США может быстрее ужесточить денежно-кредитную Политика , что может иметь негативные последствия для спекулятивных активов, включая Bitcoin.

Federal Reserve Chair Jerome Powell testifies Tuesday before the U.S. Senate Banking Committee. (C-Span)

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Is There a Bullish Breakout Ahead for Bitcoin?

Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still ​in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”

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Bitcoin Struggles at $60K Resistance, Support Above $53K

BitBull Capital CEO Joe DiPasquale discusses his crypto markets analysis and outlook as upsides look limited for bitcoin around the $60,000 resistance level. Plus, his reactions to El Salvador's "Bitcoin City" announcement and U.S. President Joe Biden nominating Jerome Powell as Federal Reserve Chairman for a second term.

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Markets

Обзор рынка: криптовалюты падают на фоне новостей о повторном назначении Пауэлла на пост председателя ФРС

Bitcoin сложно удержать рост, достигнутый за выходные, поскольку покупатели фиксируют прибыль.

Federal Reserve Board Chairman Jerome Powell

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Biden Nominates Powell For a Second Term as Fed Chair, Appoints Brainard Vice Chair

U.S. President Joe Biden has nominated Jerome Powell for a second term as the Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years. Brainard will be the Fed’s vice chair when the nomination is officially signed.

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Biden Nominates Jerome Powell for New Term As Fed Chairman

U.S. President Joe Biden has nominated Jerome Powell as Chairman of the Federal Reserve for a second term. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know and what this means for future crypto regulation.

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