FED CHAIR JEROME POWELL’S TAKE ON CRYPTO, AND CHRISTIE’S LAUNCH OF THEIR 3.0 PLATFORM

We talked months ago about possible regulations coming to the crypto and DeFi space, as well as the executive order from the White House concerning digital assets. I read an article today on Coindesk where they mentioned that Fed Chair Jerome Powell said that he wasn’t in a rush to introduce a digital form of money as other nations were across the world.🙄

The Coindesk article also said about Mr. Powell:

“We have not decided to proceed and we don't see ourselves as making that decision for some time,” Powell said, with the move requiring approval from both Congress and the executive branch. “We're evaluating both the policy issues and the technology issues and we're doing that with a very broad scope.”

That means that for us (temporarily), we can continue with business as usual but I’d caution that at some time in the near future the Feds are going to regulate digital assets because they’re not going to want to miss out on all that money. They’re going to want their share of it for sure.🙄

Meanwhile in a tweet today, Christie’s Auction House introduced ‘Christie’s 3.0,’ which is an on-chain platform for NFT art. They are now the first auction house globally to launch this platform that will allow their NFT sales to take place on ETH’s blockchain. That means that all transactions will be recorded on the blockchain (including the after-auction taxation). GO CHRISTIE’S! 🤸🏿‍♀️👏🏾