👿Yellen, I advise you to mind your own business! I want to hoho coin circle again
U.S. Treasury Secretary Yellen warned about the risks of cryptocurrencies and suggested that Congress should legislate to regulate the spot market of stablecoins and non-security crypto assets.
On February 6, according to CoinDesk, U.S. Treasury Secretary Janet Yellen stated in the U.S. House of Representatives Financial Services Committee’s explanation of the latest work of the Financial Stability Oversight Committee (FSOC), warning about the risks of cryptocurrency and the impact of the crypto industry on the financial industry. The system poses a variety of potential harms, including the dangers of stablecoins, runs on crypto platforms, and price volatility.
He also stated that he would continue to cooperate with Congress on encryption legislation. “Applicable rules and regulations should be implemented, and Congress should pass legislation to regulate the spot market of stable coins and non-security crypto assets.”
