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.
Emergency powers at the US Treasury allow Treasury Secretary Janet Yellen to backstop all US bank deposits.
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.