Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds

Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Crypto-friendly Wyoming Senator Cynthia Lummis has expressed significant concerns about the crypto track records of President Joe Biden’s nominees to head up the Federal Reserve for its next term, current Fed chair Jerome Powell and Fed governor Lael Brainard. As a result, she is likely to oppose the nominations and rally other Senators against them unless the Fed addresses her concerns, an aide to Lummis told CoinDesk.The Republican Senator wrote in an op-ed in Tuesday’s Wall Street Journal that “over the past year my faith in the Fed has been deeply shaken by its political approach to digital assets in…