Yellen Expects USD Decline as Reserve Currency
During a hearing at the US House Committee on Financial Services, Janet Yellen stated that USD may soon lose its dominance as a reserve currency.
During a hearing at the US House Committee on Financial Services, Janet Yellen stated that USD may soon lose its dominance as a reserve currency.
SEC has not decided on whether to clarify new crypto rules after US’s biggest crypto exchange Coinbase made special request for regulator to do so.
SEC asked a federal court for permission to use “alternative means” to serve papers to Binance Holding Ltd. and Changpeng Zhao.
A pair of Senate Democrats wants the Justice Department to investigate whether crypto exchange Binance Holdings Ltd. lied to lawmakers.
SEC Chair Gary Gensler offered his services as an advisor to Binance in 2019, according to the crypto exchange’s lawyers.
Crypto exchange Binance and related entities shuttled some $70 billion through accounts at now-defunct Silvergate Bank and Signature Bank.
Shortly after SEC filed lawsuit against Coinbase, SEC Chairman Gary Gensler said crypto industry’s entire business model is “built on non-compliance.”