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Fed Chairman Powell to Speak About Digital Currencies Next Week at IMF
It is not immediately known if Powell’s remarks will include his thoughts on a digital dollar.
Updated Sep 14, 2021, 10:10 a.m. Published Oct 15, 2020, 9:10 p.m.
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Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund's (IMF) annual meeting.
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- Panelists will discuss “the benefits and risks of cross-border” digital currencies as well as their policy implications, IMF said.
- The panel, which will be webcast, will start at 8 a.m. ET on Monday.
- Also on the panel will be: Agustín Carstens, general manager of the Bank for International Settlements; Nor Shamsiah, governor of Bank Negara Malaysia; and Governor of the Saudi Arabian Monetary Authority Ahmed Abdulkarim Alkholifey, whose central bank is collaborating with the United Arab Emirates on a blockchain-based transaction platform.
- It was not immediately known if Powell’s remarks will include his thoughts on a digital dollar.
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Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space.
What to know:
- U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets.
- Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies.
- As Selig defends his agency's jurisdiction in court, he's also pursuing new prediction markets rules for the U.S.
