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The Fed chairman met with Coinbase CEO Brian Armstrong and former House Speaker in May on Cointelegraph

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The Fed Chairman met with Coinbase CEO Brian Armstrong and the former Speaker of the House in May

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.