After failed Fed bid, Stephen Moore reportedly takes role at cryptocurrency ‘central bank’

If at first you don’t succeed, just create your own central bank.

Stephen Moore failed in his bid to join the Federal Reserve board, but the controversial conservative economic adviser will reportedly soon be playing a key role at a new “central bank” for cryptocurrencies.

Fox Business reported late Monday that Moore, a former Wall Street Journal editorial writer and senior fellow at the Hoover Institution, has joined a group of entrepreneurs creating an entity called “Decentral,” which apparently bills itself as “the world’s decentralized central bank.”

Decentral would “attempt to perform Fed-like duties in terms of regulating the supply of crypto in the same way as the Fed controls the supply of money for the U.S.

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