In the News

M&T Bank, Bank of America, and Keycorp Bank Double Down on Criticism of LIBRA Banking Exchange 10/07/2019 The banking industry has been immensely critical of Facebook’s Libra, and this past week was no exception. A number of representatives from United States banks added more warnings. Major banks filed an official complaint to the central bank stating that Libra would pose… Read more »

GERMAN FINANCE MINISTER OLAF SCHOLZ CHAMPIONS THE DIGITAL EURO CryptoBit 10/07/2019 THE DIGITAL EURO IN GERMANY "Such a payment system would be beneficial for the financial center of Europe and its integration into the global financial system," Scholz said last week in a report published by the local business news magazine WiWo (WirtschaftsWoche). "We should not leave a"field… Read more »

German finance minister Olaf Scholz wants to introduce digital euro Yahoo! Finance 10/07/2019 Germany's finance minister and vice-chancellor, Olaf Scholz, is in favor of national digital currency. "Such a payment system would be good for financial center Europe and its integration into the world financial system," Scholz said late last week in a report published by local… Read more »

German Finance Minister Speaks in Favor of Digital Euro Coinspeaker 10/07/2019 Olaf Scholz who is currently the German finance minister has indicated his stance on the cryptocurrencies in particular and electronic money in general. According to local sources, he made his position known last week and also revealed skepticism for private-interest cryptocurrencies such as Facebook’s… Read more »

Former FDIC Chair Called Out Subprime Mortgages Ahead of Issues; Now Tells FED To Look At CBDC's Bitcoin Exchange Guide 10/06/2019 Members of the US Congress the French Hill (R-Arkansas) and Bill Foster (D-Illinois) have recommended the Federal Reserve regarding issuing a digital version of the US dollar. In a letter addressed to the Fed, they highlighted that the country’s… Read more »

Washington news in brief Arkansas Democrat Gazette 10/06/2019 Hill raps Amtrak after audit report U.S. Rep. French Hill has awarded his latest Golden Fleece Award to the National Railroad Passenger Corp., also known as Amtrak. During an audit, the rail company failed to account for maintenance-of-way equipment worth an estimated $4.1 million, the Little Rock Republican noted,… Read more »

WASHINGTON NEWS IN BRIEF: Hill raps Amtrak after audit report ADG 10/6/19 Hill raps Amtrak after audit report U.S. Rep. French Hill has awarded his latest Golden Fleece Award to the National Railroad Passenger Corp., also known as Amtrak. During an audit, the rail company failed to account for maintenance-of-way equipment worth an estimated $4.1 million, the Little Rock… Read more »

Two lawmakers urge Fed to mull a digital U.S. dollar; Philly Fed president thinks digital currencies are 'inevitable' TOKENPOST 10/04/2019 Two U.S. congressmen, Rep. French Hill (R-Arkansas) and Rep. Bill Foster (D-Illinois), have asked the Federal Reserve to consider developing a digital dollar. In a letter sent to Fed Chairman Jerome Powell on Monday, the lawmakers stressed… Read more »

Bank President Says US Digital Currency Is Inevitable News BTC 10/04/2019 In a letter to Jerome Powell, two congressmen have asked the Federal Reserve chairman to consider developing a US-backed cryptocurrency. In short, they believe this is necessary to keep pace with the rest of the world. However, Powell has previously poured cold water on the idea of a digital dollar. And… Read more »

Hill helps form new bipartisan House Entrepreneurship Caucus The Ripon Advance 10/04/2019 U.S. Rep. French Hill (R-AR) joined a bipartisan contingent of colleagues in launching the House Entrepreneurship Caucus, which aims to spur the growth of new startup businesses across the United States. “I’m pleased to partner with my colleagues on both sides of the aisle as co-chair of… Read more »