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‘Bitcoin Senator’ Lummis Urges GOP to Block Powell Nomination Over Crypto Policies

Bitcoin Senator’ Lummis Urges GOP to Block Powell Nomination Over Crypto Policies



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  1. tldr; Wyoming Senator Cynthia Lummis is urging her Republican colleagues to withhold support for Jay Powell’s nomination to be the next Chair of the Federal Reserve. She’s also urging Senate colleagues to block President Biden’s other Fed nominee, Lael Brainard, unless the pair adopt a more crypto-friendly stance. Her concerns relate to a new type of crypto-native bank to which Wyoming lawmakers have granted a special charter to operate.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I appreciate the push to make crypto supportive policy an important factor in selecting/approving the Fed Chair but you need a good alternative candidate.
    I’m not aware that there is one and I certainly don’t trust this administration to find one…

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