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Four Federal Reserve Chair Candidates with Crypto-Friendly Stance, Final Candidate List to Be Determined in September
BlockBeats News, August 28th. Yesterday evening, U.S. Treasury Secretary Yellen stated that there are 11 strong candidates for the Federal Reserve Chair position. Interviews will begin after Labor Day (this year on September 1st), and the final list will be submitted to President Trump. Known candidates on the list who are explicitly crypto-friendly include Investment Bank Jefferies' Chief Market Strategist David Zervos, BlackRock's Global Chief Investment Officer Rick Rieder, Fed official Bowman, and Fed Governor Waller.
David Zervos and Rick Rieder have been involved in activities related to cryptocurrency, including recent public endorsements of the eToro trading platform, stablecoin issuer Circle Internet Group, crypto exchange Bullish, and crypto-based lending firm Figure Technology Solutions. David Zervos also early on supported Michael Saylor's MicroStrategy Bitcoin purchase strategy.
As the Fed's top regulatory official, Bowman stated on August 20th that central bank employees should be allowed to make small cryptocurrency investments to help them understand the technology, adding that this would aid in "actual understanding of the underlying technology." Fed Governor Waller stated a day later that the banking sector has "nothing to fear" from cryptocurrency payments operating outside the traditional banking system, as it is simply "a new technology for transferring ownership and recording transactions."
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