Cryptocurrency

2024

Jerome Powell

Bitcoin

While FED President Jerome Powell spoke at the Senate Banking Committee today, US Treasury Secretary Janet Yellen spoke at the House of Representatives Financial Services Committee. 
Related News: <a href="https://en.bitcoinsistemi.com/fed-president-jerome-powell-speaks-bitcoin-reacted-here-are-the-highlights/" target="_blank" rel="dofollow">FED President Jerome Powell Speaks! Bitcoin Reacted! Here are the Highlights!</a> 
Yellen, who has made statements on many issues, also made a statement about cryptocurrency regulations. 
Fox Business reporter Eleanor Terrett shared Yellen's crypto statements in her post. 
Accordingly, in her testimony before the House of Representatives Financial Services Committee, Janet Yellen said that there is no “quarterback” (manager/coordinator) between the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) in cryptocurrency regulation. 
It is considered that this statement is related to the upcoming US elections. 
While the harshness of cryptocurrency regulations and the voting potential of cryptocurrencies were discussed before the election in the USA, Yellen's statement that “we are not involved” in crypto regulation was interpreted as support for Biden's election campaign. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: In her testimony in front of the House Financial Services Committee, <a href="https://twitter.com/USTreasury?ref_src=twsrc%5Etfw">@USTreasury</a> Secretary Janet Yellen says she’s not “quarterbacking” (directing/coordinating) between the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> and <a href="https://twitter.com/CFTC?ref_src=twsrc%5Etfw">@CFTC</a> on <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> regulation. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447-1f3fc.png" alt="👇🏼" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/NT1aXbqBaN">https://t.co/NT1aXbqBaN</a> 
 — Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1810710218633884144?ref_src=twsrc%5Etfw">July 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptocurrency-statement-from-us-treasury-secretary-janet-yellen/">Cryptocurrency Statement from US Treasury Secretary Janet Yellen!</a>

Cryptocurrency Statement from US Treasury Secretary Janet Yellen!

Bitcoin Sistemi EN

Other articles published on Jul 9, 2024

Bitcoin ETFs See Largest Inflows in Over a Month as Market Stumbles

Phoenix Memecoin ($PHNX) Launches with Innovative Tokenomics and Community Focus (9 Jul)

Cardano Chang Hard Fork launches next week: Here are the upcoming changes

Investors Pounce on Crypto Dip: $441 Million Floods Back into Market — CoinShares

Solana Co-Founder Proposes Memecoin Developer Grants

VeChain Distributes Voting Rewards, Analyst Predicts Bullish Wave

Join our free newsletter for daily crypto updates!