Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed, questioning Yellen how the council believes existing laws should apply bitcoin, ether, and non-security crypto assets. […]
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The Federal Reserve kept rates unchanged at 3.50%-3.75% on July 29, but three officials called for a hike. Three officials wanted a 25-basis-point hike, marking the first time...
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