FACA requires that a “[c]ommittee’s members represent a fair balance of viewpoints given the functions to be performed,” but it does not define what constitutes a “fair balance.” As such, the statute leaves unanswered three sets of questions regarding whether a committee is appropriately balanced. First, “even before the points of view on an advisory committee can be balanced at all,” one must ask: “which points of view should be balanced[?]” Is a single member representing each view enough, or does a committee need more? And finally, “which kind of organization or individual legitimately represents” a viewpoint by being a…

Bitcoin traded above $64,000 on Wednesday, up 1% on the day, with the broader market green ahead of the Federal Reserve’s rate decision at 2 p.m. ET, per CoinDesk data. Ether added 1.7% to $1,909 and XRP led the majors at 2.6%.The base case is a hold. About 70% of traders expect the Fed to keep its rate at 3.50% to 3.75%, a sixth straight meeting on pause, per CME data.But roughly 30% now price a quarter-point hike, and the case has serious backers: Citadel Securities told clients it expects a surprise increase this week to shore up Warsh’s inflation-fighting…

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