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Jannet Yellen in a congressional hearing requests strict regulations in the crypto market.
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Yellen highlighted five major risks in the crypto industry that affect the industry’s growth.
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four Republican lawmakers and House members supported the request.
In a congressional hearing on Tuesday, the US Treasury Department Secretary Janet Yellen focused on the need for strict rules and regulations in the crypto market. The increased risks associated with digital assets are mainly linked to the crypto-assets platforms, proliferation of platforms, and stablecoins.
The Need for Regulations in the Crypto Market
In a recent statement, Janet Yellen highlighted the requirement for Congress to pass rules and legislation that offer clarity to the crypto markets.
Risks and challenges connected with the digital assets and digital market were highlighted by Yellen and requested measures. Crypto-asset platforms, stablecoin
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