Jim Cramer: Powell Seems Aware Tether Is Achilles Heel of Crypto

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In his first day of testimony, Jerome Powell told lawmakers it was too early for the Federal Reserve to pull back on economic support even though inflation has been rising quicker than expected.

What was catching Jim Cramer’s attention, however, was Powell’s attention to Tether and commercial paper.

As Powell addressed the Senate for his second day of congressional testimony, Cramer told Action Alerts PLUS senior analyst Jeff Marks that Powell seems “aware of the Achilles heel of the whole crypto business, which is Tether.” 

Recap TheStreet Live: Everything Jim Cramer Is Watching 7/15/21 

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