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12-23-2013, 08:23 PM
http://static1.businessinsider.com/image/52b85eaa6da811564b75957b-1200-924/jeffrey-lacker.jpgGrowth in China — **w put on hold — wasn't the only reason for Bitcoin's insane surge in **vember (http://www.businessinsider.com/bitcoin-gold-parity-2013-11).
The U.S. Senate also held two days' worth (http://www.businessinsider.com/senate-bitcoin-hearing-2013-11) of hearings on the digital currency, giving it a mostly favorable. (http://www.businessinsider.com/bitcoin-love-fest-takes-place-at-the-senate-2013-11)
Meanwhile, Fed Chairman Ben Bernanke submitted a letter to the Senate (http://www.businessinsider.com/ben-bernanke-on-bitcoin-2013-11) stating digital currencies like Bitcoin "may hold long term promise."
But opportunities for the media to directly and publicly ask a regulator about the government's stance on Bitcoin have been limited.
Until this morning.
On CNBC's "Squawk Box," (http://video.cnbc.com/gallery/?video=3000230342#eyJ2aWQiOiIzMDAwMjMwMzQyIiwiZW5j VmlkIjoiM1liM2NINC9odDRJbndrVlYyS1VEdz09IiwidlRhYi I6InRyYW5zY3JpcHQiLCJ2UGFnZSI6MSwiZ05hdiI6WyLCoExh dGVzdCBWaWRlbyJdLCJnU2VjdCI6IkFMTCIsImdQYWdlIjoiMS IsInN5bSI6IiIsInNlYXJjaCI6IiJ9) host Joe Kernen got Richmond Fed President Jeffrey Lacker to ack**wledge that at this point, the Fed has ** interest in meddling with Bitcoin.
Here's the full exchange:
Lacker: "It's private money. They're going to have trouble gaining market share if its value's going to fluctuate so much. But it'll be interesting to watch.
Kernen: "But what is the position of the fed from a policy perspective if there is one? Or what do you think the position of the U.S. government should be on Bitcoin, or other virtual currencies?"
Lacker: "That's — for what they're doing, it's a free market and I don't see why they have an interest in stopping it — at this point."
Bitcoin prices are back up to more than $680, after hovering around $600 for most of the weekend.
SEE ALSO: Dogecoin Prices Collapsed This Weekend (http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/lacker-**-interest-in-stopping-bitcoin-2013-12#comments)
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أكثر... (http://feedproxy.google.com/~r/businessinsider/~3/OPZPHyYt6s8/lacker-**-interest-in-stopping-bitcoin-2013-12)
The U.S. Senate also held two days' worth (http://www.businessinsider.com/senate-bitcoin-hearing-2013-11) of hearings on the digital currency, giving it a mostly favorable. (http://www.businessinsider.com/bitcoin-love-fest-takes-place-at-the-senate-2013-11)
Meanwhile, Fed Chairman Ben Bernanke submitted a letter to the Senate (http://www.businessinsider.com/ben-bernanke-on-bitcoin-2013-11) stating digital currencies like Bitcoin "may hold long term promise."
But opportunities for the media to directly and publicly ask a regulator about the government's stance on Bitcoin have been limited.
Until this morning.
On CNBC's "Squawk Box," (http://video.cnbc.com/gallery/?video=3000230342#eyJ2aWQiOiIzMDAwMjMwMzQyIiwiZW5j VmlkIjoiM1liM2NINC9odDRJbndrVlYyS1VEdz09IiwidlRhYi I6InRyYW5zY3JpcHQiLCJ2UGFnZSI6MSwiZ05hdiI6WyLCoExh dGVzdCBWaWRlbyJdLCJnU2VjdCI6IkFMTCIsImdQYWdlIjoiMS IsInN5bSI6IiIsInNlYXJjaCI6IiJ9) host Joe Kernen got Richmond Fed President Jeffrey Lacker to ack**wledge that at this point, the Fed has ** interest in meddling with Bitcoin.
Here's the full exchange:
Lacker: "It's private money. They're going to have trouble gaining market share if its value's going to fluctuate so much. But it'll be interesting to watch.
Kernen: "But what is the position of the fed from a policy perspective if there is one? Or what do you think the position of the U.S. government should be on Bitcoin, or other virtual currencies?"
Lacker: "That's — for what they're doing, it's a free market and I don't see why they have an interest in stopping it — at this point."
Bitcoin prices are back up to more than $680, after hovering around $600 for most of the weekend.
SEE ALSO: Dogecoin Prices Collapsed This Weekend (http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/lacker-**-interest-in-stopping-bitcoin-2013-12#comments)
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أكثر... (http://feedproxy.google.com/~r/businessinsider/~3/OPZPHyYt6s8/lacker-**-interest-in-stopping-bitcoin-2013-12)