Will Inflation Impact the Next Interest Rate Hike to 50BP = 🫠
Will Inflation Impact the Next Interest Rate Hike to 50BP = 🫠
This could be another major impact on crypto markets
Federal Reserve chair Jerome Powell spoke on March 7 in front of a Senate Banking, Housing and Urban Affairs Committee. During the hearing, he was questioned by Senator Cynthia Lummis (R-Wyoming) about permissionless distributed ledgers and whether they had any place within the financial system. Meanwhile, inflation management might be in shaky waters soon.
PBN Research
Not looking good…
Powell Addresses Ledgers
“There are real concerns about permissionless public blockchains, and the reason is that they’ve been so susceptible to fraud, to money laundering, and all of those things. I think what you heard from the federal banking agencies in one of their reports was that they would tend to look at those as inconsistent with safety and soundness.”
US Judge will not allow SEC to Interfere w/Crypto Bankruptcy
The SEC issued an objection to bankruptcy proceedings for the embattled crypto lender Voyager early this year, which would help repay customers affected by the lender’s collapse.
Judge Michael Wiles initially said he needs specifics on why the SEC objects and why it has decided to “stop everybody in their tracks” with little to no explanation of its concerns.
Now, in a new ruling, Judge Wiles says the SEC’s stance would do nothing but damage, leaving “a sword hanging over the heads of anybody who’s going to do this transaction.”
~This episode is sponsored by Kraken~
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#Crypto #Bitcoin #inflation