Janet Yellen's Progress in Building U.S.-China Relations
Janet Yellen's visit to China aimed to address China's dominance in the EV market and improve diplomatic relations, but definitive progress remains uncertain.

Janet Yellen's visit to China aimed to address China's dominance in the EV market and improve diplomatic relations, but definitive progress remains uncertain.
NYCB's acquisition of Signature Bank led to initial gains, but a $260M Q4 loss and dividend cuts reflect deeper challenges, sparking debates over crypto's role.
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.
The sudden string of bank failures over the past week conjured traumatic flashbacks of the 2008 financial crisis for many a banker.
Circle, Ripple, and Pantera Capital are among the companies exposed to SVB, while Coinbase and Paxos have assets stuck on Signature Bank.
With Signature Bank also closing down, what banks are left to serve crypto firms?
Yellen told an event hosted by the New York Times DealBook that it was important to ensure that crypto assets had adequate customer protections.
The 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.
Terra'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.
The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday.