"Federal Reserve Chair Powell Sparks Controversy with Cryptocurrency Comments"
TL;DR Summary
A rumor is circulating on Twitter about a connection between Ripple Labs and the US Federal Reserve (Fed) after Fed Chairman Jerome Powell made a comment about being a Grateful Dead fan during a congressional hearing. While the connection is far-fetched, Powell's comments on the staying power of crypto and the need for a robust federal role in stablecoins have caught attention. The rumors about a supposed connection between Ripple and the US central bank are not new, with speculation centered on FedNow, which will be launched in July.
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- Congress criticizes Fed; Chairman Powell is worrying about Gold currencies FXStreet
- The Chamber of Digital Commerce CEO Reacts to Fed Chair Powell's Stablecoin Remarks CoinDesk
- A clash over tougher bank capital rules comes to Capitol Hill Axios
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