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US Senators Urge Treasury Secretary Janet Yellen to Clarify Infrastructure Bill Language Before 2022
In August, U.S. President Joe Biden signed into law the historic $1 trillion infrastructure bill, raising concerns about its controversial definition of “broker.” Now, a group of bipartisan senators are pushing Treasury Secretary Janet Yellen to provide clarification on the language no later than the end of the year.
What to Know About Two New Amendments to US Infrastructure Bill
U.S. Treasury Secretary Janet Yellen has reportedly been lobbying against cryptocurrency legislation proposed by Sen. Ron Wyden (D-Ore.) and other senators. Meanwhile, the White House is supporting a competing amendment that excludes proof-of-work miners from the reporting provision.
Yellen Urges Federal Agencies to ‘Act Quickly’ on Stablecoin Regulation
Treasury Secretary Janet Yellen convened a meeting Monday of the President’s Working Group on Financial Markets (PWG) to discuss stablecoins. CoinDesk’s Nikhilesh De shares the key takeaways, proposing the regulatory outcome. Plus, his take on Mastercard potentially testing USDC for payments.
Treasury Secretary Yellen Says Inflation Could Reach 3% This Year As Recovery Continues
At a G7 meeting this past weekend, Treasury Secretary Janet Yellen said inflation rates could rise as high as 3% through the rest of 2021 but maintained this price increase is probably transitory. “The Hash” panel connects the dots to the crypto markets.
Former Fed Regulator Michael Hsu Appointed Acting Comptroller of the Currency
Treasury Secretary Janet Yellen appointed Michael Hsu, a former Federal Reserve banking regulator, as Acting Comptroller of the Currency. CoinDesk’s Nikhilesh De on what we know about Hsu’s background and what his appointment might mean for the crypto sphere.
Bitcoin's Seesaw Ride Following Yellen's Interest Rate Comments
Yesterday, bitcoin and the stock market fell following comments from U.S. Treasury Secretary Janet Yellen about the possibility of raising interest rates. Later, Yellen walked back her remarks, and bitcoin, apparently responding, bounced. "All About Bitcoin's" host Christine Lee looks at the price fluctuations in the Chart of the Day.
Yellen Tones Down Rate Hike Comments; Hints at US Crypto Regulatory Framework Need
During a Wall Street Journal event Tuesday, U.S. Treasury Secretary Janet Yellen clarified her previous comments on inflation, saying she’s “not predicting or recommending” rate hikes. BTC has bounced back nearly 7% in the past 24 hours.
Janet Yellen Calls U.S. Crypto Regulatory Framework Inadequate
During a Wall Street Journal event Tuesday, U.S. Treasury Secretary Janet Yellen acknowledged for the first time that the crypto regulatory framework in the U.S. is inadequate and needs to be updated. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses her view.
