GOP Leader McCarthy Says Government Tried to Make Bitcoin Go Away as Value Reaches All-Time High
On 4/13/21 at 11:01 AM EDT
As bitcoin hit an all-time high on Tuesday, House Minority Leader Kevin McCarthy said he does not want to keep his head in the sand when it comes to recognizing the significance of the cryptocurrency for America s competitive future. This is something that those who regulate, those who are in government, that make policy, better start understanding what it means for the future, because other countries are moving forward, especially China, McCarthy told CNBC s
Squawk Box. I do not want America to fall behind. I want the next century to be ours.
Shares suffered from sales after solid gains in recent days that were generated by a setback in the return of 10- year Treasury bonds from the 14- month highs. U.S. consumer price data for March will be released on Tuesday and this could boost Treasury bond yields. Federal Reserve Chairman Jerome Powell said Sunday that the U.S. economy is at a "turning point" with.
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