CoinDesk: Yellen Tones Down Rate Hike Comments; Hints at US Crypto Regulatory Framework Need
During a Wall Street Journal event Tuesday, U.S. Treasury Secretary Janet Yellen clarified her previous comments on inflation, saying she’s “not predicting or recommending” rate hikes. BTC has bounced back nearly 7% in the past 24 hours. She also acknowledged for the first time that the U.S. regulatory framework for cryptocurrency and digital assets is inadequate. “The Hash” discusses her comments and what may come out of them.
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