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 has been confirmed to continue as the chairman of the United States Federal Reserve Bank, garnering 80-19 votes from the Senate.
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.
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.
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.
The Fed is seeking a manager for its retail payments section, who’ll also be charged with researching on cryptos and DLT.
Federal Reserve Chairman Jerome Powell doesn’t know much about Libra yet, but he knows it will be big.
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.