US Fed to launch FedNow instant payment service amid fears it could end CBDC interest
FedNow gives users an instant 24/7 settlement service—part of the key appeal of a CBDC—and is fully endorsed by the Fed and commercial banks, unlike a CBDC.
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Crypto’s US banking access more uncertain than ever
Silvergate has been living on borrowed time since it failed to file its latest financial report with the U.S. Securities and Exchange Commission by the already extended deadline.
Fed chair says DeFi isn’t transparent enough
James Powell, backed by prominent financial regulators, highlights the need to enforce appropriate directives to deal with "issues" concerning DeFi before they snowball and create a big mess.
Jerome Powell confirmed to continue as US Federal Reserve chairman
Jerome Powell has been confirmed to continue as the chairman of the United States Federal Reserve Bank, garnering 80-19 votes from the Senate.
Congressman Tom Emmer urges Federal Reserve to back innovation in digital assets
The letter is framed around questions following the comments of Chairman Jerome Powell, which seek to explore the rationale behind the Fed’s approach to digital assets more broadly.
Fed chair still undecided on dollar CBDC
The Federal Reserve is still weighing the advantages of a CBDC and is in no rush to reach a decision on to rollout the technology, according to Jerome Powell.
Federal Reserve: 2021 is the year we will engage the public on digital dollar
Jerome Powell has in the past remained tightlipped on the central bank digital currency, urging caution and claiming the Federal Reserve was monitoring the field.
US Federal Reserve looking for manager to research digital currencies
The Fed is seeking a manager for its retail payments section, who’ll also be charged with researching on cryptos and DLT.
Federal Reserve taking a wait and see approach on Facebook Libra
Federal Reserve Chairman Jerome Powell doesn’t know much about Libra yet, but he knows it will be big.
US Federal Reserve chairman speaks up on crypto
The chairman of the U.S. Federal Reserve, Jerome Powell, understands that cryptocurrency regulations are a requirement if the industry is going to be allowed to thrive.
US Federal Reserve chief “very worried” about skyrocketing debt
According to a report by CNBC, Fed chief Jerome Powell pointed out that the annual deficit in the U.S. has reached sustained amounts of more than $1 trillion and that he is “very worried about it.”