Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

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US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB, [...]

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Ripple CEO: US Is Falling Behind Over SEC’s XRP Suit

Ripple CEO Brad Garlinghouse warns the U.S. risks losing its position as a crypto industry leader without proper regulatory foresight.

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Janet Yellen Pushes to Restrict Crypto 401(K) Plans, Labelling it as Unsuitable for Most Retirement Savers

The U.S. Treasury Secretary Janet Yellen has called on Congress to stop crypto from being included in retirement accounts, including 401 (K) plans.

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US unions sue Treasury Department after letting Musks DOGE access personal financial information

The lawsuit claims DOGE has been given “unlawful” access to personal and financial information The sensitive information includes names, addresses, bank details, social security numbers, birth dates, and email addresses US union groups have sued the US Treasury and Treasury Secretary Scott Bessent for allowing Elon Musk’s DOGE agency to access individuals’ personal and financial […]

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US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S. Treasury Secretary Yellen Talks [...]

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US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar

United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system. The U.S. Treasury secretary also claimed that it will not be easy

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US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a [...]

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Zambia’s crypto regulation tests to be wrapped by June: Report

Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen [...]

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NYT: Trump reconsiders pro-crypto choices for Treasury Secretary, slows down his selection process

Trump is now considering Kevin Warsh and Marc Rowan for the US Treasury Secretary position Howard Lutnick is reportedly frustrating Trump by spending too much time with him to get himself appointed A person familiar with the situation between Lutnick and Scott Bessent as a “knife fight” President-elect Donald Trump is allegedly reconsidering his options […]

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Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.

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Trumps leading pick for Treasury Secretary is very pro-crypto

As Scott Bessent and John Paulson emerge as leading candidates for US Treasury Secretary, the community is curious about their stance on crypto.

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Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown

In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks linked to the fast-growing sector. Yellen Sees ‘Holes in the System Where Additional Regulation Would [...]

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U.S. Treasury Secretary Janet Yellen Urges Stricter Crypto Regulations amid Legal Cases Against Coinbase and Binance

In light of the rising legal cases against major cryptocurrency platforms Coinbase and Binance, U.S. Treasury Secretary Janet Yellen called for enhanced regulation to protect cryptocurrency users and investors. (Read More)

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Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters [...]

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