BlockBeats News, April 4th: Crypto journalist Eleanor Terrett announced on social media that a crucial nomination hearing for the banking and cryptocurrency industries will be held next Thursday. The Republican members of the U.S. Senate Banking Committee will question Federal Reserve nominee Michelle Bowman (Trump's pick for Vice Chair for Supervision, intended to succeed Michael Barr). If confirmed, Bowman will become a key decision-maker in setting regulatory policies regarding bank-related cryptocurrency activities. Republican lawmakers are expected to focus on the following topics:
· Issue of banks terminating services for crypto businesses (debanking)
· Federal Reserve's stance on digital assets
· Current regulatory attitude towards the cryptocurrency industry