Last week, Yellen calmed some fears that arose after she said in her Jan. 21 testimony before the Senate Finance Committee that she wanted to “curtail” the “malign activities” that for which digital assets have been used.
Five months after ConsenSys acquired the Quorum blockchain from creator JPMorgan bank, the Brooklyn-based Ethereum development firm has announced a major coup: a partnership with China’s national blockchain project.
The third week of the year will very likely prove to be its most significant for cryptocurrency innovators and investors. Crypto scored a hat trick with news that President Joe Biden’s three top financial regulators—the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the bank-overseeing Comptroller of the Currency—will all be intimately familiar with the cryptocurrency and blockchain business.
A crypto-trifecta could be coming home if reports that President Joe Biden plans to nominate Chris Brummer, a Georgetown University Law School professor, as chairman of the Commodity Futures Trading Commission are true.
