Bye Jerome Powell. New Fed Chair is an XRP gigabull
The incoming Chairman of the US Federal Reserve is probably an investor in XRP’s DeFi ecosystem.
The incoming Chairman of the US Federal Reserve is probably an investor in XRP’s DeFi ecosystem.
If you have ever doubted the XRP Standard, consider this new fact, revealed just yesterday by Wall Street Journal reporting: The incoming Chairman of the US central bank is an investor in Kinetic, an XRP DeFi digital asset platform built on the largest XRP airdrop in history.
Donald Trump’s official nominee for Chairman of the Federal Reserve has put his own money into crypto, including dozens of pages of pro-crypto investment disclosures for his Senate Select Committee on Ethics confirmation.
Included in that list is Kinetic, a digital asset platform operating a DeFi ecosystem that serves XRP holders. Kinetic uses Flare Network, which was the most valuable airdrop for XRP holders in history.
I haven’t heard anything about this, and I don’t think the XRP community appreciates the giga-bullishness of Kevin Warsh for the long-term price potential of XRP.
The man nominated to replace Jerome Powell and control US interest rates is an investor in crypto and blockchain companies.
Ladies and gentlemen, it does not get better than this unless the man literally were to say “Buy XRP!” or list Ripple itself on his OGE Form 278e.
Unlike the conservative, staunch, “don’t bother me” approach of Powell about crypto for years, Warsh has already put money into this industry.
Like all of us Crusaders, this man actually sees the potential of crypto and XRP.
I would note that Kinetic is a somewhat ambiguous name, but it’s listed as a “digital asset exchange platform” which seems to match the operation of the Flare-based project. There is a small Solana exchange that goes by that name, but even if it is that one — and I can’t find any confirmation that it is — Warsh’s expansive crypto portfolio proves that he is heavily invested across the industry, which is great for every crypto major, including XRP.
This is the right man for the job. Finally, a pro-crypto Fed Chair!
Anyway, Warsh’s confirmation hearing is set for April 21. That’s next week. Powell’s term expires May 15. And the Senate Banking Committee just got the green light to move forward on his appointment.
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