Pi Network - auto mobile mining: Join now and be one of the pioneers!!


US President Donald Trump has hosted an unscheduled meeting with Federal Reserve Chair Jerome Powell as of Monday. Despite claiming to have discussed “everything,” cryptocurrency appears to have been left entirely off the agenda.

President Trump tweeted about the impromptu meeting with Powell earlier today. He claims the pair talked about “interest rates, negative interest, low inflation, easing, dollar strength and its effect on manufacturing, trade with China, EU, and others.”

Consistent Remarks, but No Cryptocurrency

According to The Street, the Federal Reserve issued a statement following the meeting. In it, the institution claims that Powell’s comments to Trump were “consistent with his remarks at his congressional hearings last week”. The Federal Reserve wrote:

“Chair Powell said that he and his colleagues on the Federal Open Market Committee will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective and non-political analysis.”

Despite China being one of the topics of conversation during the meeting, and the nation having recently endorsed blockchain technology along with being known to be exploring the launch of its own digital asset, cryptocurrency appears to have been completely absent from today’s conversation. This is somewhat more surprising given the growing numbers of US central bankers advocating for a state-backed digital currency for use in the nation. BeInCrypto reported on how Facebook’s Libra has brought the issue back into the minds of Federal bankers last month.



Whereas China appears to be pushing hard for the formation of a fully digital economy, the USA risks being left behind if it continues to drag its feet in terms of both regulation and the adoption of cutting-edge technologies like blockchain.

Dismissing Digital Assets

That said, it does not come as much of a surprise to see Donald Trump not bringing up the impact digital currency could have on the US and global economy with Powell. After all, he famously dismissed all of cryptocurrency as inferior to the dollar and simply a means for orchestrating criminal activity. Earlier this year BeInCrypto reported on him tweeting the following:

Likewise, US Treasury Secretary Steven Mnuchin, who was also present at today’s meeting, called digital currencies a potential threat to national security. Both made their comments shortly after Facebook detailed its own digital asset, Libra earlier this year.

Although not expressly clamping down on blockchain innovation and digital currency use, the US government is nowhere near as proactive as China has been in recent weeks in promoting the use of the technology. At the end of last month, Chinese premier Xi Jinping publicly encouraged the nation to adopt distributed ledger technology and all manner of different Chinese blockchain initiatives are now coming to light.

Images are courtesy of Twitter, Shutterstock.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts


"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris


  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2023 Cryptoracle.info - Crypto News