US Treasury considers 100% backstop of bank deposits
Emergency powers at the US Treasury allow Treasury Secretary Janet Yellen to backstop all US bank deposits.
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Emergency powers at the US Treasury allow Treasury Secretary Janet Yellen to backstop all US bank deposits.
Read more (3 min) →— Crypto, Regulation
US Treasury Secretary Janet Yellen, in her first speech devoted to the topic of digital assets, has laid out a path to regulate crypto.
Russian crypto sanction evasion is not significant, Secretary Yellen said, but a new bill could force exchanges to block Russian-based users.