The Federal Reserve is sure keeping an eagle eye on crypto. 👀 🦅
According to media reports, Fed Chair Jerome Powell met Coinbase CEO Brian Armstrong and “Crypto Daddy” Christopher Giancarlo a few weeks ago. Powell’s calendar shows the meeting was held for 30 minutes on May 11.
The burning question— what was discussed? They probably talked about the Fed and digital currency. The crypto market rode a roller coaster around that time as Armstrong tweeted about the meetings.
Powell also virtually chatted with Giancarlo, the Former Chairman of the US Commodity Futures Trading Commission (CFTC). Giancarlo recently joined BlockFi’s Board of Directors, and both regulators discussed the “Digital Dollar Project” for 30 minutes. 💰
The Fed’s curious about pros and cons of the digital dollar. Hopefully the meetings regulate crypto’s wildfire volatility. 🔥