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U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury
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A fairly outspoken critic of Bitcoin and the broader cryptocurrency space during her time as Fed chair, then as a private citizen ("not a fan"), and most recently as Treasury Secretary, Yellen said she now has only “a little bit of skepticism,” noting concerns about financial stability, consumer investor protection,
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A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis
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On Tuesday, Bitcoin price collapsed over 15% leading to the first sharp price correction this year in 2021. However, this happens after Bitcoin surged over 90% year-to-date hitting its new all-time high above $58,300.On Tuesday, February 23, Bitcoin (BTC) price tanked over 20% moving sub $50K levels from its all-time
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Janet Yellen is the 78th U.S. Secretary of the Treasury.The former Federal Reserve chair and longtime economist secured enough votes in the Senate on Monday after a confirmation hearing on Jan. 19. Yellen was tapped by President Joe Biden to lead the Treasury Department after winning election last year. She
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Janet Yellen thinks it is important that the U.S. considers the benefits of cryptocurrencies, alongside the potential for misuse.The Treasury Secretary nominee said that while cryptocurrencies can be used to finance terrorism and other illicit activities, they also have the potential to “improve the efficiency of the financial system” in
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As a new administration is sworn in, how will one if its most important officials – nominated Treasury Secretary Janet Yellen – impact the digital assets space? This episode is sponsored by Nexo.io.Today on the Brief:Jack Ma is not deadThe latest in crypto M&ADeutsche Bank survey sites bitcoin as biggest
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NLW looks at price action in crypto, the ETH 2.0 Beacon chain launching Dec 1, the Dow at 30,000 and Janet Yellen’s nomination as Treasury secretary.On this edition of The Breakdown weekly recap, NLW looks at what was an absolutely action-packed holiday week, discussing: Source
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Former Federal Reserve Chairman Janet Yellen is likely to become the next U.S. Treasury Secretary. The Wall Street Journal reported Monday that President-elect Joe Biden plans to nominate Yellen in the coming days, positioning the longtime economist to succeed current Secretary Steven Mnuchin. While Yellen hasn’t said a lot about bitcoin,
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Former Federal Reserve Chair Janet Yellen is set to become the next head of the U.S. Treasury Department.Yellen was seen as one of three frontrunners to get the nod, the Washington Post said, along with Federal Reserve Governor Lael Brainard and former Fed Vice Chair Roger Ferguson. Yellen ran the
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