Jerome Powell added that the Federal Reserve needs to consider the health of other markets when creating a digital currency.
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"A Federal Reserve operational error resulted in disruption of service in several business lines," said Jim Strader from the Richmond Fed.
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She still questioned how regulators would "manage money laundering and illicit finance issues" with digital currencies.
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We didn't learn much new in today's hearing, but the spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets.
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"I don't have Bitcoin, and I'll never ask you to send me any," said Joe Biden.
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The admin of a well-known darknet market link provider claims its donation address was flagged as suspicious after it criticized Chainalysis' KYT flagging system.
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The former aide to Representative Davidson will join crypto's leading trade association.
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The crypto industry appears to be abuzz with potential, given confirmed and possible appointments in the Biden administration.
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In announcing the appointment, Lummis made clear that she hopes to get digital asset legislation moving.
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Treasury Secretary Janet Yellen faces the first major hurdle of her tenure with the question of how to handle social media-driven security trading.
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Fearing that recent delistings and volatility "undermine market confidence," the U.S. securities regulator says it is looking into the Robinhood fiasco.
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The Blockchain Association's ranks swell as firms look to aid its work in keeping crypto transactions peer-to-peer.
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Per the latest in lobbying disclosures, Ripple Labs shelled out for its lobbying on legislation looking to change the treatment of crypto under securities laws.
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Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
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Tarbert's brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation.
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