In an interview on CNBC on Wednesday, Yellen pointed out that under U.S. law the SEC and the Commodity Futures Trading Commission have tools at their disposal to protect consumers and investors.
OthersShe reiterated her warning that the Treasury Department may run out of measures to pay its debt obligations by June.
OthersThe committee's current ranking member and soon to be chair when the GOP takes over the House in January, Rep. Patrick McHenry expressed his concerns in a letter to Treasury Secretary Janet Yellen.
CoindeskYellen told an event hosted by the New York Times DealBook that it was important to ensure that crypto assets had adequate customer protections.
OthersHer remarks largely echo concerns voiced by banking regulators at two days of congressional hearings.
OthersThe U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.
CoindeskA head of the Treasury would not recommend investing the retirement money into digital assets “to most people.”
CointelegraphTerra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday.
CointelegraphThe U.S. Treasury secretary highlighted the department’s cryptocurrency monitoring efforts during a hearing of the House Financial Services Committee on Wednesday.
CointelegraphThe U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday.
Cointelegraph