Search results for Christopher Waller
Crypto
Bitcoin rebound limited despite inflation cooling; oil and big tech earnings in focus
Bitcoin rebounded after U.S. June inflation data came in below market expectations, but it has struggled to establish a clear direction amid renewed U.S.-Iran military clashes and rising oil prices. Comments from a hawkish Federal Reserve official added pressure, while President Donald Trump’s remarks about a possible peace deal with Iran helped limit losses. Analysts said oil prices and tech stock moves, including profit-taking after TSMC results, could shape near-term direction, along with upcoming big tech earnings and U.S. Senate scheduling for a Clarity bill vote.
Crypto
U.S. CBDC ban enlarges stablecoin arena as Circle, Tether and banks compete
A U.S. bill passed by Congress blocks the Federal Reserve from issuing a central bank digital currency until the end of 2030, reshaping the digital dollar race around private players. The move could accelerate competition between stablecoin issuers such as Circle and Tether and banks building tokenised deposit networks. Banks argue deposits underpin lending and have warned of large outflows if rules are misdesigned. Officials disagree on whether tokenised deposits can displace stablecoins.
Crypto
Fed and BoE officials split on stablecoins: boost competitiveness or fade within years
U.S. and British central bank officials offered contrasting views on dollar-based stablecoins. Federal Reserve Governor Christopher Waller said wider use of dollar-pegged stablecoins could increase the global influence of U.S. monetary policy by effectively importing U.S. financial conditions into other countries. Bank of England policymaker Megan Greene said stablecoins could be pushed to the sidelines within years, and that tokenised deposits may have greater long-term momentum.
