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Tag: U.S. Treasury Secretary

Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand

Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain...

Markets: Bitcoin, Ether gain; Polygon, XRP biggest losers

Bitcoin and Ethereum rose in Monday afternoon trade in Asia along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Asian markets...

Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation

U.S. Treasury Secretary Janet Yellen told Reuters after the G20 meeting in India on Saturday that while the U.S. has not indicated any outright...

An open letter to Sen. Elizabeth Warren: Your shotgun approach to crypto is dangerous for America

Dear Senator Warren, The FTX melee has infused crypto regulation efforts with new life. Politicians pounced at the opportunity, including you. The bill you’ve recently...

Market Sentiments Reveal Historically Bullish Indicator Has Surfaced

Advertisement &nbsp &nbsp The crypto market could be poised for a price rise going by historical market sentiment data pointed out by the crypto...

JPMorgan Chase Research on ‘Dynamics and Demographics’ of US Household Crypto Use

Earlier this month, JPMorgan Chase released a research report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use.” This report “uses de-identified data...

US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’

U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate...

Crypto Exchange Kraken Cuts Workforce; U.S. Pushing More Industry Regulation 

The brutal month for crypto exchanges continues. On Wednesday, San Francisco-based Kraken announced it will cut approximately 1,100 people, or 30%, of its...

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange...

U.S. Treasury Secretary: ‘More Effective Oversight of Cryptocurrency Markets’ Is Needed

U.S. Treasury Secretary Dr. Janet Yellen has spoken out on regulation of crypto markets in the wake of the recent collapse of crypto exchange FTX. On...

Disentangling the Crypto Crash of 2022

A reckoning in the digital asset industry that started in June after the collapse of improperly collateralized investment assets gained new urgency in...

Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions

U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on...

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