Fed Governor Michael Barr warned the central bank may need to raise rates again if inflation stops easing, and traders quickly lifted the odds of tighter policy. That’s bad news for Bitcoin in the short term, as higher yields, a stronger dollar, and tighter liquidity can squeeze crypto.
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Fed Governor Sounds Alarm on Stablecoin Risks as CLARITY Act Hits Roadblocks Stablecoins, the digital tokens pegged to fiat currencies like the US dollar, are pitched as a stable lifeline in the chaotic crypto markets. But are they a game-changer for finance or a looming catastrophe? Federal Reserve Governor Michael Barr dropped a stark warning […]
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Top Anti-Crypto Federal Reserve Official Michael Barr Resigns Michael Barr, the Vice Chair for Supervision at the Federal Reserve, has stepped down, eliciting cheers from the cryptocurrency community. His exit coincides with the incoming Trump administration’s intent to install pro-crypto sympathizers in key regulatory roles, signaling a potential shift in the U.S. stance on digital […]
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