The post Who is Trump’s Crypto-Friendly Fed Pick? appeared com. US President Donald Trump is slated to choose a new Federal Reserve chair by Christmas, and the frontrunner, Kevin Hassett, could be a boon for the crypto industry. Hassett is a White House economic adviser who has reportedly emerged as a strong candidate for the Fed chair position. He is the director of the National Economic Council and oversaw the digital asset working group directed by the White House earlier this year. Trump has been trying to increase his administration’s control over the Federal Reserve, the country’s central bank, thereby expanding the White House’s influence over monetary policy. The nomination process has not yet begun, but observers are already speculating about what a Hassett chairmanship could mean for US monetary policy and crypto. Hassett’s official portrait. While there, he also served as an economist in the Division of Research and Statistics at the Federal Reserve Board of Governors. He was also a policy consultant with the Department of the Treasury under the administrations of former presidents George H. W. Bush and Bill Clinton. Hassett briefly sat on the White House Council of Economic Advisors during the first Trump administration. During the president’s second term, Hassett served as director of the National Economic Council (NEC), a part of the executive branch that the president uses for setting domestic and international economic policy. Despite a lack of clear public statements, Hassett is widely regarded as pro-crypto. In June, he revealed a stake of at least $1 million in Coinbase and that he was compensated at least $50,001 for his role on the exchange’s Academic and Regulatory Advisory Council.
Tag: administrations
Binance’s CZ Surprised by Trump Pardon, Denies Connections to Trump Family
The post Binance’s CZ Surprised by Trump Pardon, Denies Connections to Trump Family appeared com. CZ denies any connection with Trump or his family despite reports linking them politically. The Trump pardon of CZ sparks backlash and renewed debate on US crypto regulation. Former Binance CEO Changpeng Zhao (CZ) has denied any connection to President Donald Trump or his family following his unexpected presidential pardon announced on October 21. The decision has drawn strong political reactions and renewed focus on cryptocurrency regulation in the United States. During an interview on “Special Report,” Zhao said he had never met Trump before the pardon. He stated, “We have never met. We have never talked.” His statement came shortly after Trump confirmed on “60 Minutes” that he does not know Zhao personally. The White House press secretary Karoline Leavitt described the pardon as an action that ended the previous administration’s stance against cryptocurrency platforms. Binance CZ Refutes WSJ Report Zhao rejected that claim during the interview and said, That’s completely not accurate. There’s no deal, there has never been any discussions. It’s as simple as that. However, Zhao acknowledged a single meeting with Eric Trump during a Bitcoin MENA conference in Abu Dhabi. Zhao maintained that no financial or business association resulted from that meeting and called the broader reporting “categorically false.” The original charge against Zhao involved failure to put in place a proper anti-money-laundering program under the requirements of the Bank Secrecy Act. Zhao stated a preference to resolve legal matters promptly. Zhao said, I do not have anything to debate on the charges. Zhao also pointed to the GENIUS Act introduced under Trump’s administration, describing it as progress in establishing clearer rules for digital.
Karoline Leavitt Gives The Worst Possible Answer To Why Trump Had An MRI
The American people deserve to know about the health of the president, but White House Press Secretary Karoline Leavitt couldn’t be straight about Trump’s health.
‘Not really a war’: Analyst reveals ‘unprecedented features’ of Trump’s boat strikes
A prominent political analyst revealed the “unprecedented features” of President Donald Trump’s strikes on alleged drug boats in international waters in a new essay published on Sunday. Richard Galant, executive producer of Now It’s History on Substack and a Senior Fellow at New America, argued in a new essay that Trump seems to be drawing from the authority other presidents have used during America’s War on Drugs. He compared the strikes to operations conducted under the Hoover and Nixon administrations. However, Galant noted in the essay that there are two “unprecedented features” of Trump’s strikes. “For one thing, the people on the boats being blasted out of the water by U. S. drones are being denied even a pretense of the due process U. S. law gives to suspected criminals,” Galant wrote. “‘Judge, jury and executioner,’ would be an apt way of characterizing those in the military who have to pull the trigger. For another, there is no explanation of how the boats and those aboard are being chosen as targets,” he continued. He also noted that Trump appears to be fighting a war, even though he has not formally declared one. “Declaring a war that is not really a war is irresistible for some presidents,” Galant wrote. “It sounds dramatic, forceful and all-consuming even though in reality it isn’t anything like a real war. After all, a real war requires making unpopular decisions like mobilizing much of the economy and potentially drafting citizens into the military.”Read the entire essay by clicking here.
Top economist blasts ‘incredible cynicism and betrayal of Reagan by his own foundation’ as free trader’s image tarnished in tariff fight
A statement by the Reagan Foundation was cited by Trump when he threatened to stop all trade with America’s northern neighbor.
Cyclone ‘Shakti’ to trigger heavy rainfall in Maharashtra
The India Meteorological Department (IMD) has issued a cyclone warning for parts of Maharashtra, predicting heavy to very heavy rainfall.
Cyclone ‘Shakti’ to trigger heavy rainfall in Maharashtra
The India Meteorological Department (IMD) has issued a cyclone warning for parts of Maharashtra, predicting heavy to very heavy rainfall.
Cyclone ‘Shakti’ to trigger heavy rainfall in Maharashtra
The India Meteorological Department (IMD) has issued a cyclone warning for parts of Maharashtra, predicting heavy to very heavy rainfall.