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Fed Chair Powell met with Coinbase CEO Brian Armstrong in May

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Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City.

Steven Ferdman | Getty Images

Federal Reserve Chairman Jerome Powell met in May with Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, central bank records show.

The gathering happened May 11 and was one of only two meetings the Fed leader had with CEOs during the month. The only other one that month was with Jamie Dimon, the head of JPMorgan Chase, the largest bank in the U.S. by assets.

The Fed declined comment beyond what was on Powell’s schedule.

Powell’s meeting with Armstrong comes amid heightened scrutiny of cryptocurrency trading as prices for digital…



Source cnbc.com

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