Before the Federal Reserve announced that it would release a discussion paper on a central bank digital currency, Chairman Jerome Powell met with Coinbase CEO Brian Armstrong.
According to Powell’s meeting schedule released on Friday, the Fed Chairman hero a 30-minute meeting with Armstrong and former House Speaker Paul Ryan on May 11. The reason for Ryan’s presence is unclear: The former president left politics in early 2019 and now works with private equity investment firm Solamere Capital.
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