Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-01-31 22:10:45

Bitcoin: U.S. Regulatory Threat Remains For Crypto Assets, Congress Contemplates Dollar 'Stature'

A reality of modern monetary policy is U.S. and foreign sovereign debts are more serviceable in a low rate environment. Real yields on Treasuries are negative and at record lows.There was a push in Washington to have monetary policy dove Lael Brainard replace Jerome Powell as Chair of the Federal Reserve. Compromise has her nominated for Vice Chair.The SEC under Chair Gary Gensler has taken direct regulatory action against new crypto asset products.Gensler hired a former banking and fintech staffer of crypto critical lawmakers Sherrod Brown and Maxine Waters to advise on crypto industry oversight.Chairs of the main money and banking committees of Congress have expressed views that crypto assets threaten the U.S. dollar and that blockchain technology will not enable an inclusive economy.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer