Cryptocurrency Frenzy! The Federal Reserve Exposes Scandals! Could the Regulatory Giant be a Fraudster?
Latest Development: U.S. Treasury Secretary Janet Yellen publicly requested Federal Reserve Chairman Jerome Powell to launch an internal review regarding Director Cook's alleged 'mortgage fraud' incident on August 27. Yellen emphasized that officials involved in fraud should not hold key positions in financial regulation, as such scandals will directly impact public trust in the Federal Reserve.
The correct name of the U.S. Treasury Secretary is Janet Yellen, not 'Besent'.
Streamline the core logic of the incident, highlighting the correlation between 'regulator integrity' and 'market trust'.
Personal Opinion + Case Studies
The credibility of regulatory agencies is the cornerstone of the financial market - once high-level officials are involved in fraud, the speed of panic spreading is faster than on-chain collapses! Referencing the short-term fluctuations in U.S. stocks after SEC officials were exposed for insider trading in 2021, and the compliance FUD (Fear, Uncertainty, Doubt) triggered by scandals involving CFTC committee members in the crypto space, it is evident that 'regulatory dishonesty' poses a far greater threat to the market than black swan events. If the Federal Reserve mishandles the situation, it could trigger a chain reaction of trust crises.
Yellen's rare strong pressure on the Federal Reserve raises the question: Will Cook be immediately suspended? Will the Biden administration intervene? Keep a close eye on the Federal Reserve's subsequent actions, as the collapse of trust may hide deeper regulatory loopholes! Follow me at @区块之金 , and I will help you dig deep into the underlying logic of the event!