To embed, copy and paste the code into your website or blog:
The first 100 days of the Biden administration has coincided with a watershed period in the evolution of blockchain technology and cryptocurrencies. The price of Bitcoin has risen dramatically during that period, triggering increased interest in cryptocurrencies, including among traditional financial services firms. In addition, developments such as the explosion of nonfungible tokens (NFTs) and the direct listing of the cryptocurrency exchange Coinbase on Nasdaq have broadened public interest and awareness.
Finally, an announcement by the People’s Bank of China that it was developing a digital yuan, a so-called central bank digital currency, has heightened concerns that, without clear regulatory guidance to support this industry, the U.S. could fall behind China in this technology sector, with possible fallout for American economic policy.
April 21, 2021 at 12:15 PM
Shares2
(Photo by Andrew Harrer/Bloomberg via Getty Images)
The opaqueness federal agencies are known for is not a design feature as much as it is an ancillary consequence of a complicated world. Nobody is necessarily hiding how these organizations are run or what they are doing. But with at least dozens of these federal entities in existence and maybe hundreds, depending on how you define “federal agency” it can get a bit overwhelming.
Still, getting to know certain federal agencies is worth the time. For anyone even tangentially involved in the financial industry, the swearing-in of the new U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, is the perfect excuse for a little review, as well as a glimpse into what to expect in the coming months.
Gary Gensler Confirmed As New SEC Chair As Agency Tackles GameStop Saga, ESG Boom And Cryptocurrency forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Bitcoin’s appeal as a hedge against inflation is being put to the test, with the largest cryptocurrency slumping along with other risk assets after Jerome Powell failed to ease investor concern about rising price pressures. The digital token fell as much as 6.7% and traded at about $47,900 as of 2:38 p.m. in New York, after the Federal Reserve chairman said he is monitoring financial conditions and would be “concerned” by.