US Treasury Secretary Speaks On Crypto Regulations

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 […]

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US Treasury Secretary Speaks On Crypto Regulations

  • U.S. Treasury Secretary Janet Yellen denies directing the SEC and CFTC on crypto regulation before the House Financial Services Committee. 
  • Yellen’s comments are seen as potentially relevant to the U.S., potentially influencing the upcoming election and helping the Biden campaign. 
  • Federal Reserve Chairman Jerome Powell needs more evidence to cut interest rates, suggesting a cautious approach.

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).

The post Inside Yellen’s Congressional Testimony on Crypto’s Future appeared first on Coin Edition.