Yellen’s Likely Replacement: Bitcoin Skeptic, But Not Without Reason

[kreslik.news]

The time has come to appoint a new Chairman of the United States’ Federal Reserve, and US President Donald Trump is expected to select Governor Jerome H. Powell for senate confirmation. In the past, Governor Powell has expressed hesitation about Bitcoin and cryptocurrency in general.

However, unlike many big names in the financial world who are known as ‘Bitcoin skeptics’, Governor Jerome H. Powell seems to actually have a decent understanding of blockchain technology. At a talk that he gave at the Yale Law School earlier this year entitled Innovation, Technology, and the Payments System, Governor Powell spoke rather extensively ... (read more)