President<a href="https://www.cryptoknowmics.com/news/former-trump-advisor-asks-us-to-counter-chinas-cbdc-project"> Trump</a> has a knack for feuding with the Federal Reserve, claiming that the institution is a stumbling block for the economy and halts it from reaching its full potential. If Trump comes into power again, he plans on replacing the current Chairman, Fed Powell, with Judy Shelton, his economic advisor. However, Judy Shelton is far from your ordinary Federal Reserve Chairwoman. She despises the Central Bank and is of the view that we should retreat back to the gold standard. She suggested this would be a step in the right direction and "if it takes place at the Mar-a-Lago that would be great."
<blockquote class="twitter-tweet">
"Gold standard in a Cryptocurrency type of way"... - Judy Shelton - Trump's pick for the Fed Reserve<a href="https://twitter.com/AltcoinDailyio?ref_src=twsrc%5Etfw">@AltcoinDailyio</a> <a href="https://twitter.com/APompliano?ref_src=twsrc%5Etfw">@APompliano</a> <a href="https://twitter.com/Rhythmtrader?ref_src=twsrc%5Etfw">@Rhythmtrader</a> <a href="https://twitter.com/TheCryptoZombie?ref_src=twsrc%5Etfw">@TheCryptoZombie</a> <a href="https://twitter.com/bensemchee?ref_src=twsrc%5Etfw">@bensemchee</a> <a href="https://t.co/hScJX9RdcY">pic.twitter.com/hScJX9RdcY</a>
— Master⚡️150k/3.7k BTC/LTC 2021 (@MASTERBTCLTC) <a href="https://twitter.com/MASTERBTCLTC/status/1222796107895328768?ref_src=twsrc%5Etfw">January 30, 2020</a></blockquote>
However, Judy Shelton isn't just interested in taking us back to the good old gold days. She believes in doing so with the help of cryptocurrencies. She told a reporter from Investing News network that given we go down this way and adopt the gold standard once again, it should be reformed in a cryptocurrency way. A blockchain-based system would lead to a level monetary playing field for everyone and also adds transparency to the process. The<a href="https://www.cryptoknowmics.com/news/trumps-ex-federal-reserve-nominee-moore-to-launch-stablecoin"> Federal Reserve</a> has been pondering over the idea of someday digitizing the U.S. dollar. Still, Judy Shelton's comments are one of the strongest so far in this regard and could lead to Blockchain adoption on a quicker, more significant level.
<h2>Why Judy Shelton’s Plan a Bit Unrealistic</h2>
It's hard to imagine to go back to the standard gold method, especially in the current political situation in Washington. Additionally, it would require a major overhaul of the monetary system if blockchain becomes the basis of the monetary policy. Still, Shelton views carry a positive vibe regarding cryptocurrency. If Judy Shelton ends up taking the position of Fed Chairwoman, odds will favour cryptocurrency and initiatives could be launched for it.

Trump's Economic Advisor, Judy Shelton a Fan of Crypto

President Trump’s pick to lead the Federal Reserve, Judy Shelton, believes in a cryptocurrency-like gold standard, says it'd make the process transparent.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Trump's Economic Advisor, Judy Shelton a Fan of Crypto

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