Tagged: janet yellen

October 14, 2021 @ 11:19 am By JD Alois  |  

US House of Representatives Patrick McHenry, Tom Emmer, and Warren Davidson have co-authored a letter addressed to the Secretary of the US Department of Treasury Janet Yellen. The Congressmen have requested that Yellen clarify her position on stablecoins – digital assets typically tied to fiat… Read More

September 21, 2021 @ 12:01 pm By JD Alois  |  

Ransomware attacks have become quite prevalent with nefarious actors targeting domestic firms, frequently demanding ransom in crypto. Today, the US Department of Treasury has announced a group of actions designed to mitigate ransomware activity including designating crypto exchange SUEX OTC as a “complicit financial service”… Read More

August 24, 2021 @ 11:17 pm By Omar Faridi  |  

On Monday (August 23, 2021), the US Treasury Department and the Monetary Authority of Singapore (MAS) confirmed the finalization of a bilateral Memorandum of Understanding (MoU) on Cybersecurity Cooperation. This announcement has been made during Vice President Kamala Harris’ recent trip to Singapore, where the… Read More

August 6, 2021 @ 3:02 pm By JD Alois  |  

Infrastructure used to mean roads, airports, bridges, etc. Today, infrastructure, as defined by our elected representatives, means oh so much more. The massive spending bill being foisted upon the populace by Congress is still being dissected but one area that it may impact is digital… Read More

July 28, 2021 @ 8:26 am By JD Alois  |  

Senator Elizabeth Warren, a member of the Senate Banking Committee, has called on the Secretary of the Treasury Janet Yellen to reign in cryptocurrency – now. In a letter sent to Yellen, Senator Warren told the Secretary to use the Financial Stability Oversight Council (FSOC)… Read More

July 20, 2021 @ 10:23 am By JD Alois  |  

Yesterday, the U.S. Presidents Working Group (PWG) on Financial Markets met to discuss stablecoins with an expectation of a recommendation in the coming months. The meeting was convened by the Secretary of the Treasury Janet L. Yellen. According to a readout distributed by Treasury, during… Read More

July 16, 2021 @ 12:28 pm By JD Alois  |  

The Secretary of the Treasury Janet L. Yellen has announced plans to convene the President’s Working Group on Financial Markets (PWG) to discuss the hot topic of Stabelcoins. The PWG meeting, which will include the Office of the Comptroller of the Currency and the Federal… Read More

March 30, 2021 @ 11:00 am By Ariel Glasner and Amit Roitman  |  

President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

March 23, 2021 @ 10:57 pm By Omar Faridi  |  

US Federal Reserve Chairperson Jerome Powell has cautioned that transacting in digital currencies such as Bitcoin can pose significant risks due to the high volatility nature of these new assets. Powell noted that virtual currencies remain highly volatile. He pointed out that Bitcoin may not… Read More

February 25, 2021 @ 10:14 pm By JD Alois  |  

The US Department of Treasury has issued a statement on the Financial Action Task Force’s (FATF) second plenary meeting during the German Presidency of the global regulatory agency. According to Treasury, FATF advanced its work on several issues, including finalizing a non-public report on terrorist… Read More

February 23, 2021 @ 8:10 am By Omar Faridi  |  

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More

February 15, 2021 @ 9:07 am By JD Alois  |  

Last November, Hong Kong kicked off a consultation pertaining to anti-money laundering (AML) and counter finance terrorist (CFT) regulation that will impact cryptocurrency exchanges or virtual asset service providers (VASPs). The deadline for comments delivered to the Hong Kong Financial Services and the Treasury Bureau (FTSB),… Read More

February 10, 2021 @ 9:10 pm By JD Alois  |  

The US Department of Treasury hosted the U.S. Financial Sector Innovation Policy Roundtable the past two days. Policymakers and regulators, as well as members of the private sector, participated in the meeting to discuss policy issues surrounding Fintech and innovation “fostering economic recovery, competitiveness, and financial… Read More

January 26, 2021 @ 9:02 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

January 26, 2021 @ 7:47 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More

January 25, 2021 @ 10:45 pm By JD Alois  |  

Dr. Janet Yellen was unanimously voted out of committee the Senate Finance Committee on January 22nd and approved by the Senate today in a vote of 84 for the nomination and 15 against (and one not voting). In being approved, Yellen became the first female… Read More

January 22, 2021 @ 2:48 pm By JD Alois  |  

Earlier this week, Dr. Janet Yellen, former Chair of the US Federal Reserve and soon to be the Secretary of the Treasury, testified at a hearing before the Senate Finance Committee in regards to her nomination. In advance of the hearing, Dr. Yellen submitted an… Read More

January 21, 2018 @ 8:02 pm By AdaPia d'Errico  |  

As Oprah Winfrey put it during her acceptance speech at the Golden Globes on January 7th, 2018. The reverberations of her words have re-ignited, for anyone who thought it was a just a trend, the importance of #metoo, the industry-agnostic movement. Actually, it is all-encompassing… Read More

February 11, 2016 @ 10:12 am By JD Alois  |  

Janet Yellen, Chair of the Federal Reserve, returns to Capitol Hill again today to continue her testimony.  Today she returns to the Senate Committee on Banking, Housing and Urban Affairs.  The hearing, entitled, “The Semiannual Monetary Policy Report to the Congress”, will give Yellen a… Read More

February 10, 2016 @ 10:24 am By JD Alois  |  

Monetary Policy and the State of the Economy Testimony by Janet Yellen, Chairman of the Federal Reserve, to the House Financial Services Committee.   Federal Reserve Chair Janet Yellen will appear before the full committee to deliver the Federal Reserve’s semi-annual Monetary Policy Report to… Read More