Congressman Sherman: “Does the Treasury Department...have the authority to bail out Bitcoin?" Bessent: "I am secretary of the Treasury, I do not have the authority to do that."
Rick Rieder, CIO of global fixed income at BlackRock, is emerging as a leading candidate to replace Jerome Powell as Fed chair. Back in 2021, Rieder said on CNBC that BlackRock had begun dabbling in Bitcoin, noting that investors were searching for a store of value as inflation
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