Category: Janet Yellen

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

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Treasury Secretary reportedly against amending crypto language in infrastructure bill

Treasury Secretary reportedly against amending crypto language in infrastructure bill

Janet Yellen’s position on a “compromise” amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey. 3385 Total views 120 Total shares On Wednesday, several United States senators proposed an amendment to an infrastructure bill that would clarify language concerning crypto. Even […]

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Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency

Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency

Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves. 2127 Total views 6 Total shares The firm behind the world’s leading stablecoin, Tether, is facing more regulatory pressure this week with U.S. financial watchdogs scrutinizing the composition of its reserves. According to a July 27 Bloomberg report the Acting […]

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Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines

Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines

The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. 2800 Total views 5 Total shares United States Treasury Secretary Janet Yellen has told financial regulators that the government must act quickly to establish a regulatory framework for stablecoins. The comments came at Monday’s meeting of the […]

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Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting […]

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