Connect with us

Business

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

Published

on

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