Treasury Secretary

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

March 12, 2023 Bitcoin.com

Bail-Out

U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB, […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

January 24, 2023 Bitcoin.com

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The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’

December 1, 2022 Bitcoin.com

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U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and crypto is big enough that we’ve had substantial harm with investors.” Treasury Secretary Janet Yellen on FTX Implosion and the Need for […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation

November 15, 2022 Bitcoin.com

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U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard cautioned that failures from one platform are “spilling over into elsewhere.” Yellen: Crypto Needs ‘Very Careful Regulation’ U.S. Treasury Secretary […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

Treasury Secretary Janet Yellen: US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’

October 26, 2022 Bitcoin.com

bitcoin.com

Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” she stressed that the Treasury is “closely monitoring the financial sector, as global developments have led to increased market volatility.” Janet Yellen Warns of Financial Stability […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets

October 5, 2022 Bitcoin.com

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The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order

July 9, 2022 Bitcoin.com

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The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in March. U.S. Treasury Secretary Delivers Crypto Framework to Biden The U.S. Department of the Treasury published a fact sheet titled “Framework for International Engagement […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

US Treasury Secretary Yellen Warns Crypto Is ‘Very Risky’ — Unsuitable for Most Retirement Savers

June 12, 2022 Bitcoin.com

401k

U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict the type of investments allowed in retirement accounts, including 401(k) plans. Janet Yellen on Investing in Cryptocurrencies for Retirement The topic […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse

May 20, 2022 Bitcoin.com

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and UST Collapse U.S. Securities and Exchange Commission Chairman Gary […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims

Treasury Secretary Yellen Says Crypto Regulation Should Support Responsible Innovation, Manage Risks

April 8, 2022 Bitcoin.com

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Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.” Treasury Secretary Yellen on Crypto Regulation U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of […]

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White House Crypto Czar Confirms Full Crypto Exit—Slams ‘Indirect Holdings’ Claims