On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
At a November 2020 virtual conference, Rob Kaplan said "it is critical that the Fed focuses on developing a digital currency in the coming months and years."
Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after more than six years.
In a Sept. 27 announcement, the Dallas Fed said Kaplan, its 13th president and CEO, would be retiring beginning Oct. 8. The 64-year-old cited recent attention to his “financial disclosure risks” in his decision to step down, likely referring to news outlets reporting that he had traded stocks in companies including Apple, Alibaba, Amazon, Facebook, Google and Tesla in 2020 while casting his vote on U.S. monetary policy.
The Dallas Fed president has denied any allegations of impropriety, saying he “adhered to all Federal Reserve ethical standards and policies.” He added his “securities investing activities and disclosures met Bank compliance rules and standards.”
Kaplan was also an advocate for the U.S. developing a central bank digital currency, or CBDC, as part of the country’s economy and fiscal policy. At a November 2020 virtual conference, the president said “it is critical that the Fed focuses on developing a digital currency in the coming months and years.”
Related: It's now or never — The US has to prepare itself for digital currency
On the national stage, Fed chair Jerome Powell said the government agency was still undecided on a digital dollar, but planned to issue a discussion paper on the subject. Powell has often said it is more important “to get it right than it is to be first” when it comes to rolling out a CBDC in the United States.
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