{"id":250004,"date":"2020-02-12T05:12:44","date_gmt":"2020-02-12T10:12:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=250004"},"modified":"2020-02-12T05:12:44","modified_gmt":"2020-02-12T10:12:44","slug":"fed-chairman-jerome-powell-testifies-for-pro-private-crypto-transactions","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/fed-chairman-jerome-powell-testifies-for-pro-private-crypto-transactions","title":{"rendered":"FED Chairman Jerome Powell Testifies For Pro-Private Crypto Transactions"},"content":{"rendered":"

Today has brought forth an exciting chain of events. Just this morning, Jerome Powell, Chairman of the Fed<\/a>, testified this morning in front of the House Financial Services Committee He spoke<\/a> of the state of the monetary policy and economy of the US. Within this testimony, Powell stated that there was a need for privacy, and therefore private crypto transactions.<\/p>\n

Talking About Many Financial Issues<\/strong><\/h2>\n

Anthony Pompliano, the founding member of Morgan Creek Capital Management, pointed out that there was a stark rise in bullish sentiments regarding privacy-coins. The massive boost in social media sentiments is due to Powel\u2019s testimony on Capitol Hill that occurred this morning. Powell spoke for almost 3 hours this morning, addressing the House Financial Services Committee.<\/p>\n

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BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.<\/p>\n

He specifically said "A ledger where you know everybody's payments is not something that would be particularly attractive in the context of the US."<\/p>\n

Game on \ud83d\ude4f\ud83c\udffd<\/p>\n

— Pomp \ud83c\udf2a (@APompliano) February 11, 2020<\/a><\/p><\/blockquote>\n