Source: A hearing will be held next Thursday to confirm the Fed's attitude and position on encryption

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04-04 09:47

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On April 4, crypto journalist Eleanor Terrett posted on social media that a nomination hearing will be held next Thursday for the banking and cryptocurrency industries—A Republican members of the U.S. Senate Banking Committee will question Federal Reserve Director Michelle Bowman (a candidate for regulatory vice chairman nominated by Trump, who plans to replace Michael Barr). If the nomination is passed, Bowman will become a key decision-maker in the formulation of regulatory policies for bank crypto asset-related activities. Republican lawmakers are expected to focus on the following issues:

· Issues of bank termination of crypto-enterprise account services (debanking)

· The Fed's position on digital assets

Current regulatory attitude towards the cryptocurrency industry

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