In the News

Congressman Patrick McHenry Posts Update on Financial Services Committee Leadership Changes Crowdfund Insider 10/17/19 Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has posted an update regarding several leadership positions including the new Task Force on Fintech and Task Force on Artificial Intelligence. The following… Read more »

Bitcoin Investor: Only a Matter of Time Before the Federal Reserve Goes Crypto BlockOnomi 10/17/19 If you’ve followed the cryptocurrency news cycle at all over the past few months, you likely have noticed the trend of central bank digital currencies (CBDCs). With the launch of Facebook’s Libra, which is slated to become a global digital asset used by hundreds of millions of… Read more »

United States Federal Reserve contemplates creating its own token after Libra hiccup Tron Weekly Journal  10/17/19 Libra’s far-reaching effects are now one of the causes for the United States Federal Reserve to take new steps in dealing with the cryptocurrency world, more specifically by launching its own token. The Federal Reserve has been mulling over the idea to create a… Read more »

Former Chairman of the CFTC Pushes for New US Dollar As Race for Digital Currency Heats Up The Daily Hodl 10/16/19 In an op-ed published by the Wall Street Journal, J. Christopher Giancarlo, former Chair of the Commodity Futures Trading Commission (CFTC), and Daniel Gorfine, former Chief Innovation Officer of the CFTC, urge the US government to consider a digital dollar. The… Read more »

GOP members to propose sanctions bill against Turkey The Ripon Advance 10/16/19 Nearly 30 Republican members of the U.S. House of Representatives are readying legislation to impose sanctions against Turkey in response to its military offensive against U.S.-allied Kurdish forces in northern Syria. “I am proud to join my colleagues in supporting this sanctions bill. What is… Read more »

Fear of Facebook spurs momentum for Fed to build its own digital currency Politico 10/16/19 Lawmakers and Federal Reserve officials are so concerned about Facebook’s plans to launch a new digital currency that they’re contemplating a novel response — having the central bank create a competitor. Momentum is building for an idea that was once considered outlandish — a U.S.… Read more »

A Democrat and a Republican ask, 'Can we be friends again?' The Hill 10/15/19 We are political adversaries of a sort. One of us chaired the Democratic Congressional Campaign Committee, while the other chaired the National Republican Campaign Committee. We differ on impeachment. We are not naive enough to believe there is any way of reconciling our opinions on these issues. We do,… Read more »

Threatened by Libra, US Central Bankers Reconsider a ‘FedCoin’ BeInCrypto  10/15/19 Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week. According to… Read more »

Education News: 10.11.19 Times Record 10/11/19 Southside Quiz Bowl team ranked The Southside Quiz Bowl team was ranked second among 7A schools in a preseason poll of participating Arkansas Governor’s Quiz Bowl Association coaches, according to a news release. Other top ranked teams include Conway, Fayetteville Little Rock Central and Bryant. The poll was administered by… Read more »

SAVE10 financial initiative kicks off in Little Rock Talk Business & Politics 10/10/19 A new statewide initiative with the goal of urging women to bolster their savings to stave off debt and invest for retirement was launched Thursday (Oct. 10) at the Little Rock corporate offices of Simmons Bank. The women’s only movement, called SAVE10, is the brainchild of co-founders… Read more »