Current U.S. Federal Reserve governor Lael Brainard is considered by analysts on Wall Street and Washington D.C. to be a leading contender for the position of U.S. President-elect Joe Biden’s Treasury Secretary. Similarly, Gary Gensler, a Goldman Sachs Group Inc (NYSE: GS) banker and former Commodity Futures Trading Commission (CFTC) Chairman, is rumored to be tapped as an Adviser on helping Biden with plans for Wall Street oversight.
Identified together in Barron’s ‘Who’s Who’ in Biden’s Economic World as ‘Obama Moderates’, both Brainard and Gensler are exemplary in their understanding of crypto and blockchain. Ever since Brainard first addressed the Fed’s role in exploring distributed ledger technology, five years ago, she has been the central bank’s de facto spokesperson on all things digital currency, blockchain, stablecoins, and central bank digital currencies. Gensler, a professor at MIT on blockchain, digital currencies, financial technology, and public policy, was described by the Wall Street Journal in 2018 as having ‘Bitcoin on the Brain’, after his tour of duty at the CFTC during the 2008 Global Financial Crisis.
