Bitcoin In The Crosshairs: US Treasury Secretary Reveals What Senate Democrat...
17 years after the Bitcoin (BTC) whitepaper was released, the world’s first decentralized currency continues to dominate global headlines. On the anniversary of its whitepaper publication, US Treasury Secretary Scott Bessent used the occasion to highlight Bitcoin’s consistency and prosperity, suggesting that Senate Democrats could learn something from its reliability and history. His remarks linked […]
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Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed. Janet Yellen Reveals Her Plans for Cryptocurrencies In the Senate hearing to consider Janet Yellen’s nomination as Secretary of the Treasury on Tuesday, Yellen was asked about cryptocurrencies. She is Joe Biden’s pick to lead the Treasury Department under his administration. The crypto question was asked by Senator Maggie Hassan (D-NH), who....
Over the past week, the cryptocurrency sector achieved a major milestone after the United States Senate passed the GENIUS Act. This landmark bill establishes the first federal standards for stablecoins, marking a significant victory for the digital asset sector and possibly the Bitcoin market. In response to this significant breakthrough, US Secretary of the Treasury […]
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
The Senate Committee on Finance backed Yellen's nomination in a show of bipartisan support. 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 Senator Chuck Grassley said he hoped the GOP’s backing would signal “bipartisan” support under the new Democratic administration. Fellow Republicans said they backed Yellen despite disagreeing on several of her policy stances. The....
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director of the White House National Economic Council in the Obama administration, talked about cryptocurrency regulation during an interview with Bloomberg Friday. A former chief economist at the World Bank, Summers is currently Harvard....