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“# Yellen convenes SEC, CFTC and Fed leaders on Robinhood question ” The four horsemen of U.S. financial regulation will meet to discuss market manipulation concerns resulting from the headline-grabbing drama surrounding GameStop stock last week. Per a Feb. 2 report from the Wall Street Journal, Treasury Secretary Janet Yellen is gathering the leadership of…
“# DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K ” Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the world’s largest asset manager,…
“# With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule ” The United States Treasury Department’s now-infamous proposal to require information on crypto transfers from exchanges to self-hosted wallets is back in motion. Per a Tuesday announcement from the Financial Crimes Enforcement Network, or FinCEN, stakeholders will have another 60 days to respond to…
“#Janet Yellen confirmed by Senate as Biden’s Treasury Secretary” WASHINGTON — Former Federal Reserve chair Janet Yellen has been confirmed as President Biden’s Treasury Secretary, becoming the first woman to hold the role. Yellen was confirmed by the Senate on Monday evening in a bipartisan vote, 84-15, and became the third secretary in Biden’s cabinet…
“# Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K ” Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy. Data from Cointelegraph Markets and TradingView shows the strong inflows have helped lift BTC 4.92%…
“# Senate committee votes unanimously in favor of Yellen as Treasury Secretary ” Janet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary. The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the stage for a full Senate vote. Republican…
“# Treasury Secretary nominee says crypto has potential to improve the financial system ” U.S. President Joe Biden’s pick for Treasury Secretary Janet Yellen may see more benefits to cryptocurrency than her previous testimony indicated. After a virtual hearing of the U.S. Senate Finance Committee held on Tuesday, Yellen hit the headlines for her answer…
“# Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique ” On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428. While the move may have been technical, the fundamentals for Etheruem continue to improve as less than one month after launch there is now $3.8…
“#Wall Street ready for Janet Yellen’s return to economic power” Despite some tough talk from Janet Yellen during her first confirmation hearing to take over the Treasury Department, Wall Street appears eager to have her back. During more than three hours of testimony on Tuesday, Yellen pressed the case for the Biden administration’s $1.9 trillion…
“# Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML ” Janet Yellen, a former leader at the Federal Reserve and Joe Biden’s pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions…