Skip to content
Home » Janet Yellen Calls for More Crypto Regulation, AI Awareness – Decrypt

Janet Yellen Calls for More Crypto Regulation, AI Awareness – Decrypt

Janet Yellen Calls for More Crypto Regulation, AI Awareness – Decrypt

Treasury Secretary Janet Yellen urged U.S. lawmakers to pass legislation regulating cryptocurrencies and stablecoins, testifying Thursday that the mushrooming digital asset sector poses increasing risks to financial stability.Her abbreviated appearance before the Senate Banking Housing and Urban Affairs Committee—postponed from Wednesday—was to deliver the annual report of the Financial Stability Oversight Council, established after the 2008 global financial crisis.”The council is focused on digital assets and related risks, such as from runs on crypto asset platforms and stablecoins, potential vulnerabilities from crypto asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *