Janet Yellen News

FTX founder Sam Bankman-Fried will speak during the New York Times' annual DealBook Summit alongside Ukraine President Volodymyr Zelensky and US Treasury Secretary Janet Yellen despite the ongoing investigation against his failed venture FTX.

As the collapse of major exchange FTX continues to fuel a bearish mood throughout the cryptosphere, US Treasury Secretary Janet Yellen has called for the introduction of tighter regulations for the crypto industry.

NUSA DUA, Indonesia—Treasury Secretary Janet Yellen held her first meeting with a top Chinese economic official since House Speaker Nancy Pelosi‘s visit to Taiwan, as the Biden administration works to restore communication lines and prevent a spiraling economic conflict with the world’s second-largest economy.

NUSA DUA, Indonesia—U.S. Treasury Secretary Janet Yellen said some sanctions on Russia could remain in place even after any eventual peace agreement with Ukraine, raising the prospect of a long-term U.S. effort to squeeze Russia’s economy.

NUSA DUA, Indonesia—U.S. Treasury Secretary Janet Yellen said some sanctions on Russia could remain in place even after any eventual peace agreement with Ukraine, raising the prospect of a long-term U.S. effort to squeeze Russia’s economy.

NEW DELHI—Top U.S. and Indian officials pledged to deepen their economic relationship during a series of meetings on Friday, as the two countries seek to overcome differences over Russia and work together to counter China’s manufacturing dominance.

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the emerging power’s longstanding ties to Russia and deepen a relationship that it hopes will serve as a counterweight to China.

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the emerging power’s longstanding ties to Russia and deepen a relationship that it hopes will serve as a counterweight to China.

When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor noted that she seemed to have seen trouble brewing in banks and mortgage markets before most others. In truth, she said, she hadn’t put the pieces together fast enough to stop the ensuing disaster.

Perhaps one of the most captivating signs of the industry’s maturity is the increasing amount of court cases in which crypto companies fight back against perceived regulatory abuses. Last week saw some major advancements in that direction. 

The crypto think tank Coin Center has sued US Treasury Secretary Janet Yellen over sanctions imposed on the coin mixer Tornado Cash, saying the service has legitimate use cases.

Risks tied to cryptocurrencies could grow rapidly and eventually threaten the broader financial system, a panel of senior US officials warned on 3 October, calling for tougher oversight of digital assets.

Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market.

New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).

The framework comes six months after President Biden issued a sweeping executive order on the oversight of cryptocurrencies and is based on reports with recommendations on protecting consumers, investors, businesses financial stability, national security and the environment.The reports call for the SEC and CFTC to "aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space", and also asks the CFPB and FTC to "redouble their efforts to monitor consumer complaints".Meanwhile, the president will consider asking Congress to amend the Bank Secrecy Act to explicitly apply to digital asset service providers.The Treasury will complete an illicit finance risk assessment on decentralised finance by the end of February 2023 and an assessment on non-fungible tokens by July 2023.While signalling a crackdown on fraud, the White House insists it also wants to "foster responsible digital asset innovation".To this end, the Office of Science and Technology Policy and NSF will develop a Digital Assets Research and Development Agenda, while regulators are being encouraged to provide firms in the space with guidance and best-practice information.On a potential digital dollar, the administration says it encourages the Federal Reserve's research and will support this with a Treasury-led interagency working group to consider the potential implications of a CBDC.The White House also wants to push efforts to improve the efficiency of cross-border payments by working to align global payments practices, regulations, and supervision protocols, while exploring new multilateral platforms that integrate instant payment systems.Secretary of the Treasury Janet Yellen says: "The reports clearly

The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control.

Six users of the cryptocurrency mixer Tornado Cash havesued the U.S. Department of Treasury and other authorities. They sued the latter over the decision tosanction Tornado Cash as of August 2022.

Peter Goettler, the chief executive officer of United States-based think tank Cato institute, has provided an update to the crypto community on the man who photobombed former Federal Reserve chair Janet Yellen during a 2017 congressional hearing — and he’s in the family.

Treasury Secretary Janet Yellen plans to argue that the Biden administration’s agenda is spurring economic investment and opportunity across a wider distribution of communities in the U.S. during a visit to Michigan.

The broader cryptocurrency industry is subtly pushing back against the sanctions on Tornado Cash by the United States Treasury Department for facilitating the transaction of illicit funds.

United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC).