Michael Barr, the US Federal Reserve Board of Governors, has announced his resignation from his position on the Federal Reserve Board of Governors¹. This resignation comes at a crucial time in the history of the US market, as it will impact the country’s financial and economic policies.

Politically, Michael Barr is considered an anti-cryptocurrency, and his resignation is linked to ensuring that no major rule changes occur during the Biden transition period¹.

His resignation is expected to impact the cryptocurrency market, as it may lead to changes in financial and economic policies that affect this market². However, there is not enough information about the specific effects on the cryptocurrency market.

The reason behind his resignation is believed to be the end of his term on the Board of Governors, but there is no official information about the reasons for his resignation¹.