Reserve

Future

Jerome Powell

<ul class="news-points">
 <li>U.S. Treasury Secretary Janet Yellen denies directing the SEC and CFTC on crypto regulation before the House Financial Services Committee.&nbsp;</li>
 <li>Yellen’s comments are seen as potentially relevant to the U.S., potentially influencing the upcoming election and helping the Biden campaign.&nbsp;</li>
 <li>Federal Reserve Chairman Jerome Powell needs more evidence to cut interest rates, suggesting a cautious approach.</li>
</ul>
U.S. Treasury Secretary Janet Yellen denied providing direction or coordination to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on cryptocurrency regulations during her testimony before the U.S. House Financial Services Committee.
The Treasury Secretary’s remarks come amidst ongoing debate about the role of various regulatory bodies in overseeing the rapidly evolving digital currency industry. Yellen’s comment suggests that she has not been directing or coordinating the actions of the SEC and CFTC, two key regulatory bodies in the U.S. financial system.
Eleanor Terrett, a Fox Business reporter, highlighted Yellen’s cryptocurrency views in her post on X (formerly Twitter).
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <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 …
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The post <a href="https://coinedition.com/inside-yellens-congressional-testimony-on-cryptos-future/" rel="noopener noreferrer nofollow">Inside Yellen’s Congressional Testimony on Crypto’s Future</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Inside Yellen’s Congressional Testimony on Crypto’s Future

Coin Edition

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