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Regulation: U.S. Treasury Held Two Meetings With Financial Industry Executives And Representatives Of Crypto On Stablecoins This Week

Earlier this week, the U.S. Treasury Department met with financial industry executives and some representatives of the crypto industry to discuss regulation, risks, and benefits of stablecoins, Reuters reported. Washington lawmakers say they are “alarmed” at how fast the cryptocurrency market is growing according to people familiar with the meeting who spoke to Reuters. As… Read More

Treasury Secretary Janet Yellen Lobbying Against Pro-Crypto Amendment For Infrastructure Bill; Cardano’s Charles Hoskinson Urges Unity In Community

Treasury Secretary Janey Yellen has lobbied against the language on crypto put forth by Senators Wyden, Lummis, and Toomey. Meanwhile, Charles Hoskinson the founder of Cardano and IOHK, has urged the crypto community to put aside its likes and dislikes of projects and unite to stop the anti-crypto provision in the infrastructure bill f. UPDATE… Read More

Musk, Yellen, Roubini, Gates Push FUD On Bitcoin In A Week

Bitcoin’s price descended further on Tuesday following comments by U.S. Treasury Secretary Janet Yellen, Professor Nouriel Roubini, Bill Gates and Tesla CEO Elon Musk who  all gave their opinions on the number one digital asset within a short period of just a week. Bitcoin plunged 14% in 24 hours, sinking below $50,000 passing hands around… Read More

Joe Biden’s U.S. Treasury Pick Janet Yellen Erroneously Claims Bitcoin Used For Illicit Means

While speaking at a virtual confirmation hearing before the U.S. Senate, Joe Biden’s Treasury Secretary pick Janet Yellen, who is a well-known crypto critic, stated virtual currencies are used for illicit activities like money laundering and terrorist financing. Yellen said: “I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing… Read More

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