Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials

United States Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. The post Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials appeared first on CryptoSlate.

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US recognises crypto’s role in financial innovation, Treasury secretary Yellen says

Crypto has grown in 'leaps and bounds,'  says US Treasury secretary Janet Yellen. She… The post US recognises crypto’s role in financial innovation, Treasury secretary Yellen says appeared first on Coin Journal.

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Crypto Can Bring Healthy Innovation to Payment Systems: Janet Yellen

Janet Yellen is a little skeptical of crypto but believes it can also bring certain benefits

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Yellen’s Positive Remarks About Biden’s Crypto EO Push Bitcoin Past $41,000

It only took an unintentionally flattering remark from a high-ranking US official to propel Bitcoin above the $41,000 level. Bitcoin (BTC) advanced early on Wednesday, boosting the entire crypto market, as US Treasury Secretary Janet Yellen’s inadvertently disclosed remarks indicated that US President Joe Biden’s long-awaited crypto directive will take a constructive approach to regulating the digital asset sector.

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Treasury Secretary reveals positive tone for crypto executive order

US Treasury Secretary Janet Yellen has given hints about how the Treasury Department will implement the executive order on crypto expected from President Joe Biden this week.  Secretary Yellen reveals readiness to implement pro-crypto executive order In a statement issued by the department late Tuesday and subsequently removed, she stated that: “Biden’s historic executive order […] The post Treasury Secretary reveals positive tone for crypto executive order appeared first on CryptoSlate.

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Bitcoin, Ether, Terra Gain Billions On Leak Of Biden’s Executive Order Being Supportive Of Crypto

In a Tuesday statement seen by ZyCrypto before it was removed, Treasury secretary Janet Yellen had said that the executive order “would support responsible innovation,” spurring positive sentiments around cryptocurrencies.

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Leaked Yellen Statement Says Treasury Supports Crypto Innovation

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Janet Yellen let slip details of Biden‘s executive order on crypto

The Treasury’s statement came a day early and was removed from the site, but not before the details of how Secretary Yellen plans to respond to President Biden‘s forthcoming order.

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House members urge US treasury secretary to clarify definition of broker in infrastructure law

“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen.

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Treasury Secretary Confirms Unhosted & Hardware Wallets, Developers and Miners Not Subject to Transaction Reporting

Treasury Secretary Janet Yellen clarified that US federal regulations do not cover non-custodial entities — “hardware wallet manufacturers, providers of unhosted wallets, software developers, or miners” — for the purpose of requiring transaction reporting.

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The Biden Administration Proposes Tax on Unrealized Capital Gains With ‘Build Back Better’ Plan

Treasury Secretary Janet Yellen has proposed a tax on unrealized capital gains. Speaking on CNN’s “State of the Union” over the weekend, Yellen said this new tax would be levied on the very wealthy.

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U.S. Treasury Secretary Wants to Tax Unrealized Crypto Gains

The United States Treasury Secretary Janet Yellen has announced the proposal of a new tax that could hit unrealized capital gains The post U.S. Treasury Secretary Wants to Tax Unrealized Crypto Gains appeared first on BeInCrypto.

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USD Hits A New 2021 High As Fed Commits To ‘Do All We Can’ to Support Economy, Treasury Urges to Raise Debt Ceiling

Jerome Powell has promised to provide support “for as long as it takes to complete the recovery,” while Janet Yellen says not raising the debt ceiling means the US defaulting on its debt for the first time would have “devastating” consequences.

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The Senate Wars: The Infrastructure Bill And Janet Yellen Against Bitcoin

While a proposal to increase tax obligations to Bitcoin actors brews in the senate, Yellen lobbies against Bitcoin in the background.

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Janet Yellen Accused of Banking Corruption

The US Treasury Secretary Janet Yellen has been accused of corruption due to receiving $7.2 million in ‘speaking fees’ from just Citi bank and the Citadel hedge fund. “Since much...

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Treasury Secretary reportedly against amending crypto language in infrastructure bill

Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey.

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Janet Yellen Lobbying Against Favorable Amendment to Cryptocurrency Tax Provision

U.S. Treasury Secretary Janet is reportedly opposing the Toomey-Wyden-Lummis amendment to the much-talked-about provision in the infrastructure bill

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Biden Administration Ponders Crypto Approach

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US financial regulators voice concerns over Tether and Facebook’s Diem

Tether (USDT/USD) and Facebook’s Diem, formerly Libra, were the main topic in a recent private meeting that discussed the risks stablecoins pose to financial systems. A report citing people familiar with the matter disclosed this news on July 27, noting that the US Treasury Secretary, Janet Yellen, led the meeting, which comprised the President’s Working […] The post US financial regulators voice concerns over Tether and Facebook’s Diem appeared first on Invezz.

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Tether (USDT) and Facebook-Backed Diem Discussed at the Yellen Closed-Door Meeting

Tether and Facebook-backed Diem were the primary topics in the U.S. meeting of regulators recently. According to reports, the meeting was held to address the financial risks posed by stablecoins.  More Details About The Concern The President’s Working Group on Financial Markets and a team of watchdogs led by Janet Yellen raised their concerns, citingRead More

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Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins

U. S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U. S. regulatory framework in place” for stablecoins.

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US Treasury Secretary Janet Yellen Urges ‘Quick’ Action to Address Stablecoin Market

In recent times there has been considerable attention paid to cryptocurrencies by regulators globally. There have been increasing talks to understand the sector and regulate it accordingly in order to bring it under the purview of the law.

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US Treasury Secretary Mandates Federal Regulators on Stablecoin Laws

Janet Yellen, the Secretary of the US Treasury has said that it was imperative for regulators to establish a regulatory policy for stablecoins.   Stablecoin Regulation a Priority for US Authorities Yellen’s statement was revealed in a readout of the meeting held on Monday (July 19, 2021).

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Treasury Secretary Janet Yellen Summons Regulators to ‘Discuss Stablecoins’ on Monday

Treasury Secretary Janet Yellen announced her plans this week to convene the President’s Working Group (PWG) on Financial Markets in order to discuss the interagency work on stablecoins that will take place on July 19.

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U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins

Stablecoins to be the center of discussion in the upcoming meeting among federal financial regulators in the U. S. U. S. Financial Regulators to Discuss Stablecoins U. S. Treasury Secretary Janet Yellen announced yesterday that a meeting would be convened on July 19 to discuss stablecoins and their potential benefits and risks.

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US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC

U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said […]

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Treasury Secretary Yellen Urges Federal Agencies to Collaborate on Cryptocurrency Regulation

Treasury Secretary Janet Yellen is set to discuss interagency work on stablecoins next week

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XRP Lawsuit effect? 'I hope that we can provide clarity in a few areas'

The question of Cryptocurrency regulations is now when and how. Treasury Secretary Janet Yellen and Securities and Exchange Commission Chair Gary Gensler said it's bound to be a major undertaking.

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US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal

U. S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF).

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US Senator Urges Treasury Secretary Yellen to Take Action on Cryptocurrency Scams to Protect Investors

U.S. Senator Rick Scott has urged Treasury Secretary Janet Yellen to take action on cryptocurrency scams, which he said have risen 1,000% in the past year and cost consumers at least $80 million. “This is an unregulated industry, and the alarming amount of criminal activity surrounding cryptocurrency demands action,” he told Yellen. Senator Scott Alerts […]

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Treasury Secretary Urges for More Aggressive Spending, President Biden Reveals $6T Spending Plan

While the crypto market is waiting for direction, Janet Yellen calls for more funding to run her agency and improve tax collection, while the proposed budget for the next fiscal year will bring US federal spending to the highest sustained level since World War II.

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OCC Mulling Partnership with Feds and FDIC To Regulate Crypto

Joint Task Force On Crypto According to the Treasury Secretary Janet Yellen appointee, a combination of the OCC, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) may soon end cryptocurrencies' regulatory uncertainty.

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Treasury Secretary Yellen Says US Does Not Have Framework ‘up to the Task’ of Regulating Cryptocurrencies

U. S. Treasury Secretary Janet Yellen says that the U. S. does not have an “adequate framework” to deal with all the different issues posed by cryptocurrencies, such as money laundering and illicit financing.

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Treasury Secretary Spooks the Traditional Market; Bitcoin Slides Down & Drags Ether with it

Janet Yellen is talking about increasing the interest rates to prevent the economy from overheating. This obviously sent the markets into a sell-off mode from S&P 500, Dow, Nasdaq to Bitcoin Ether while the USD Index inches upwards.

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US Lawmaker Warns Treasury Secretary and Fed Chair Not to Ignore Bitcoin or America Will Fall Behind

Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries.

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Joe Biden Supports Janet Yellen's Anti-Crypto Stance

President Joe Biden agrees with Janet Yellen's views on crypto, according to his press secretary

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Elon Musk and Beeple comment on SNL latest NFT segment

The latest “crypto trend” has been parodied by the comedy show Saturday Night Live, Non-Fungible Tokens (NFTs). In a segment explaining these tokens, U.S. Treasury Secretary Janet Yellen, played by Kate McKinnon and Eminem, parodied by Pete Davidson come together to answer the question everyone seems to be asking, what are NFTs? With a running […]

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The Call For Regulation In the Crypto Sphere

Regulation has always been a real obstacle to mainstream adoption in the crypto arena.   The message is coming across very loud and clear from a variety of market participants including Treasury Secretary to the US Janet Yellen who has publicly ripped into Bitcoin calling it an “inefficient way of conducting transactions”.

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Blockchain Association Hold Talks with Regulators Over Amenable Regulations

The Blockchain Association is putting preparation in top gear to meet with financial regulators in the President Joe Biden administration, including Treasury Secretary Janet Yellen, to make them understand the importance of bitcoin (BTC) and other cryptocurrencies and the need for amenable regulations, according to a FOXBusiness report on March 5, 2021. Blockchain Association MeetRead More

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Bitcoin 'brings something significantly different to portfolios:' Ruffer

While it's been a good few months for Bitcoin and the cryptocurrency market, the asset class continues to surf the eye of the storm. The same was evidenced by Janet Yellen's recent comments on BitcoinThe post Bitcoin 'brings something significantly different to portfolios:' Ruffer appeared first on AMBCrypto.

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Janet Yellen Sounds Like She’s Scared Of Bitcoin

In recent comments made to CNBC, U.S. Secretary of the Treasury Janet Yellen demonstrated misunderstanding, and perhaps fear, of Bitcoin. The post Janet Yellen Sounds Like She’s Scared Of Bitcoin appeared first on Bitcoin Magazine.

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Crypto Market Loses $400 Billion In A Day After Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’

Bitcoin abruptly dropped from a high of $58k reached on Sunday to a value of $47k on Monday 22 February for one of its biggest-ever corrections in dollar terms, dragging the rest of the crypto market down with it.

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Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’ and ‘Highly Speculative’ as BTC Price Plunges

U. S. Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive. She sees bitcoin as a highly speculative asset and is worried about potential losses investors can suffer.

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US Treasury Secretary Janet Yellen Calls Bitcoin ‘Extremely Inefficient’, BTC Price Slides Below $50K

Continue reading at Coinspeaker

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Janet Yellen Torches Bitcoin Again, Calls it ‘Extremely Inefficient’ As A Payment Option

U.S. Treasury Secretary is rooting for a digital dollar, but remains unconvinced about Bitcoin, which she describes as an inefficient asset. The post Janet Yellen Torches Bitcoin Again, Calls it ‘Extremely Inefficient’ As A Payment Option first appeared on BitcoinExchangeGuide.

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Bitcoin Tanks to $47K as Janet Yellen Calls It "Extremely Inefficient"

Treasury Secretary Janet Yellen has ramped up her criticism of Bitcoin during its extremely volatile day

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Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions

U. S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin.

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US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’

Janet Yellen, the new U. S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies. ” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.

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First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go Crypto

Bitcoin's price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen's warning that cryptocurrencies are prone to illicit uses.

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