Hi @jrcornel Thanks for the update. Indeed a very wise decision. Powell, a Republican, is a compromise pick who will likely gain the approval of both Democrats and Republicans in the Senate. But why all the steemians and cryptocurrency supporters should happy on this news....? Here CNBC says:
- Fed Governor Jerome "Jay" Powell, expected to be chosen as the next Fed chair, said in June that he is "very cautious" on the idea of a central bank-issued digital currency.
- In a March speech, Powell also listed several challenges for widespread adoption of distributed ledger technologies, especially for central banks to issue cryptocurrencies.
- That said, Council on Foreign Relations senior fellow Benn Steil points out that "policy on digital currency broadly, however, will remain largely with the Treasury."
Thanks a lot for sharing this wonderful news 1st on steemit. This is a great news for all of us. Keep posting wonderful stuff. Stay Blessed!
I loved that statement about him being very cautious about a central bank issued cryptocurrency. Especially when he stated why...
this is interesting issue that wanted to know what happen overthere, @chiny