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Jerome Powell Confusingly Calls Out DeFi for Lack of Transparency

The Breakdown

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Powell's Comments on the Feds Thinking Around a CBDC

Powell said DeFi has big issues around transparency, which was a real head scratcher for the Twitterati who pointed out that the entire hallmark of DeFi is that everything happens on chain. Powell also spoke about the potential of a US central bank digital currency and hedged pretty aggressively saying he doesn't expect them to make a call soon.

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