Republican Kevin McCarthy says Fed chair needs more education on crypto
Cointelegraph
Published Apr 13, 2021 02:00PM ET
Updated Apr 13, 2021 03:40PM ET
Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the Treasury and chair of the Federal Reserve may need to reevaluate their positions on crypto.
Speaking on CNBC's Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy claimed both the officials had “tried to ignore it to make it go away” while urging those in government to see the potential of crypto.
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Written By: Cointelegraph
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