Bitcoin Forum

US president Trump is selecting Jerome Powell as Fed Chair. President Trump is widely expected to nominate Federal Reserve Board of Governors member, Jerome H. Powell, for Senate confirmation as the next chair of the Federal Reserve. The potential Fed chair has previously stated what he sees as a tension with bitcoin as the Fed “could face difficult trade-offs between strengthening security and enabling illegal activity.”

Mr. Powell has held a Fed governor’s seat since 2012, and is currently at the relative beginning of a term that would have kept him installed until 2028.

Governor Powell appears familiar with bitcoin as a currency and Bitcoin as a network.

Ouch this is going to be interesting, As I looked Powell is not anti Bitcoin from what I read.

Though not publicly involved, American have a large holding of bitcoins and other cryptos.
Even the elite politician and influencing companies are involved but the authorities are fearful of money laundering and tax evasion which is exactly why bitcoins are used in America.