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.