GOP Lawmaker Defends Referral of Fed Chair Powell to DOJ

Referral of Jay Powell for Perjury

• 📌 Congresswoman Anna Paulina Luna referred Federal Reserve Chairman Jay Powell to the Justice Department for potential perjury charges.
• ⚠️ Senator Cynthia Lummis explains her concerns are not solely about Powell's interest rate policy, but also about his handling of "chokepoint 2.0" and the Fed's subjective determinations on financing certain industries like oil, gas, and coal.
• 💡 Lummis also cited "weasel words" used by Powell during testimony regarding a significant cost overrun for remodeling a Federal Reserve building, specifically mentioning the distinction between a "green roof" and a "garden terrace."
• ⚖️ While acknowledging that proving perjury is difficult, especially when testimony is not under oath, Lummis stated that misleading Congress is against the law.

Appeal of Crypto to Conservative Men

• 📊 A new poll indicates that 25% of Republican men invest in cryptocurrency, compared to 16% of Democrat men.
• 🔑 Lummis attributes this appeal to crypto being "freedom money," enabling individuals to be sovereign and transact globally without government involvement, particularly relevant in countries with corrupt governments.
• 🚀 She believes digital assets will improve transactions by making them faster and cheaper, encouraging women to explore them as well.