Janet Yellen News

22.05 / 16:39

Blockchain Adoption defi regulation CEX Terra’s meltdown highlights benefits of CEX risk-management systems

The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in value, but the widespread fear, uncertainty and doubt sent market-leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) below $27,000 and $1,800, respectively, on some exchanges.

20.05 / 00:49

Stablecoin regulation financial stability Financial G7 financial officials call on Financial Stability Board to step up crypto regulation—report

The top financial officials from the Group of Seven (G7) largest advanced industrial economies has called on the Financial Stability Board to speed up crypto-asset regulation, Reuters reported Thursday, citing a copy of a communique it had obtained. The officials from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States were meeting in Koenigswinter, Germany, following a G7 foreign ministers’ meeting earlier in the week.

19.05 / 12:23

High inflation and slowing growth raise the risk of a global downturn

The global economy is in danger of entering a period of so-called stagflation, or high inflation and weak growth, policymakers and corporate leaders say, which could erode living standards around the world.

19.05 / 10:39

Treasury Likely to Prevent U.S. Investors From Receiving Russian Debt Payments

BONN, Germany—Treasury Secretary Janet Yellen said the U.S. would likely prevent U.S. investors from receiving payments on Russian debt, a decision that could push Russia toward default.

19.05 / 00:59

High Inflation, Slowing Growth Raise Risk of Global Downturn

The global economy is in danger of entering a period of high inflation and weak growth, policy makers and corporate leaders say, raising the specter of a period of so-called stagflation that eroded living standards around the world.

17.05 / 21:41

Drag U.S. Floats Tariff on Russian Oil as EU Oil-Sanction Talks Drag On

BRUSSELS—The U.S. is talking with the European Union about ways to limit global energy price increases that could be caused by an EU-proposed embargo on Russian oil, looking at additional options like setting a tariff on imports of Russian oil, according to U.S. Treasury officials.

17.05 / 12:57

Blockchain Stablecoin regulation Agency US congress research agency weighs in on UST crash, notes gaps in regulation

The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash.

17.05 / 12:11

Blockchain Stablecoin SEC Bitcoin Threat financial stability Financial This week’s Law Decoded: Is depegging a real threat to financial stability?

This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner of stablecoins’ niche, while Tether (USDT) lost the balance and slid to $0.96 for a short time.

15.05 / 08:15

Blockchain education Survey Bitcoin Accessibility Accessibility is the main barrier to crypto adoption — Here are the solutions

Accessibility is a pain point for cryptocurrency adoption that has been discussed for years, yet still, it is pertinent as ever. This issue was most recently recognized by the United States government as we’ve seen Treasury Secretary Janet Yellen discuss during her remarks on digital assets policy and regulation. There are barriers that are limiting accessibility to cryptocurrencies, such as financial education and technological resources, and it is our duty as developers and leaders in this revolutionary industry to address them.

14.05 / 17:05

Deal approved Support Yellen Seeks to Win European Support for a Tax Deal Congress Hasn’t Approved

WASHINGTON—Treasury Secretary Janet Yellen wants to clinch the European Union’s approval of a global minimum tax on the profits of large corporations, hoping to smooth out Poland’s objections to approving the plan in meetings next week.

14.05 / 09:57

cryptocurrency Digital SEC CryptoExplainer Stricter Stablecoins' Rules Are Coming Soon: Top US Securities' Official

US SEC's Peirce sees 'movement' on stablecoin regulations

13.05 / 23:51

Ethereum ETF Tether Bitcoin Silver week Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining

This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains.

13.05 / 17:27

Tether Fitch Bitcoin Luna Regulators are growing anxious about stablecoins after Terra’s stunning collapse

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13.05 / 08:39

Stablecoin SEC SEC's Hester Peirce says new stablecoin regs need to allow room for failure

Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows "room for there to be failure."

12.05 / 21:49

Government Stablecoin Tether Threat financial stability NOT Financial Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen

According to United States Treasury Secretary Janet Yellen, the stablecoin market is not at the scale at which the drop in the price of TerraUSD (UST) and Tether (USDT) below $1 would present a threat to the country’s financial stability.

12.05 / 21:25

cryptocurrency Money Bitcoin Financial Terra Luna stablecoin collapse: Is this the 2008 financial crash moment of cryptocurrency?

So-called stablecoins are sending shockwaves through the cryptocurrency markets, wiping billions off their value and causing liquid cryptos such as Bitcoin to crash.

11.05 / 19:35

business Blockchain Stablecoin Adoption LUNA meltdown sparks theories and told-you-sos from crypto community

No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph's Top 100, has lost billions of dollars for their investors.

11.05 / 16:51

Lowe's CoinMarketCap stablecoin regulation Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble

WASHINGTON—A decline this week in the price of a major cryptocurrency that was purportedly pegged to the dollar prompted Treasury Secretary Janet Yellen on Tuesday to reiterate calls for Congress to authorize regulation of so-called stablecoins.

10.05 / 19:51

Government Law Stablecoin stablecoin regulation US Treasury Secretary reaffirms need for stablecoin regulation following UST crash

United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a "consistent federal framework” on stablecoins to address risks to financial stability.

04.05 / 19:31

Janet Yellen Says U.S. Economy Remains Strong

Treasury Secretary Janet Yellen said the U.S. economy remains strong despite the fact that it shrank in the first quarter of this year, adding that inflation is too high and needs to be reduced.

22.04 / 00:03

Provident Action Economic Impacts, Global Politics Limit Potential Actions Against Russia, Yellen Says

WASHINGTON—The U.S. and its allies are constrained in efforts to further punish Russia for its invasion of Ukraine because some potential steps lack international consensus and present risks to the global economy, Treasury Secretary Janet Yellen said.

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