The US Banking Banking Committee has advanced to appoint Stephen Miran in a temporary position on the Federal Reserve Board of Governors after another member resigned in August.
At a Wednesday meeting, the banking committee voted with Party lines, 13 to 11, to advance Miran’s nomination throughout the Senate for consideration. All Democrats voted against the Fed’s potential governor, while Republicans, for the most part, voted in favor.
Miran, whom President Donald Trump chose to lead the Council of Economic Advisors in December, told a hearing last week that he would not resign in his role that advised the White House if his time as a Fed governor was expanded last January. If confirmed, he will fill out a term vacant by Fed member Adriana Kugler, who will end January 31.
The potential governor of Fed said in an interview in December That “crypto plays a major role of potential to play in change,” but has not made any significant public statements on digital assets or blockchain since joining the Trump administration. At the time of publication, it is unclear when the Senate may vote for its nomination.
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Another Fed governor won the court, blocking Trump “firing”
Miran’s nomination nomination came as Trump’s attempts to remove another Fed governor went to court for challenges to an independent independent government agencies. In a letter of August 25th, the President demanded that Governor Lisa Cook feeds “Immediate removal from the office,” citing mortgage fraud claims.
https://www.youtube.com/watch?v=utrgkjicvck
Cook refused to leave his position and challenge the court. On Tuesday, a Federal Federal Judge’s judge blocked Trump’s order, saying that the president had not identified any reason to remove the Fed governor for the reason. The administration filed a notice of appeal on Wednesday.
In October, the Federal Reserve was Scheduled to hold a conference To discuss topics related to payments, including stablecoins and tokenization.
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