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An official US statement on the collapse of the cryptocurrency market

An official US statement on the collapse

After the recent shock to the cryptocurrency market after the fall of the cryptocurrency exchange FTX, thousands of investors in the United States and abroad have lost a lot of their money and investment. The US Treasury's remarks largely reflect the concerns expressed by banking regulators in the two-day congressional hearings. “The recent fiasco of a cryptocurrency exchange, and the unfortunate impact this has had on digital asset holders and investors, demonstrate the need for more effective oversight of the

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Cryptocurrency

Strong statements on regulating cryptocurrency

Strong statements on regulating cryptocurrency

US Treasury Secretary Janet Yellen stressed during a press release on Wednesday, following the collapse of the FTX crypto exchange last week, that the recent crash demonstrated the need for more effective oversight of the cryptocurrency markets. Yellen added that the reports issued by the Treasury Department in response to the executive order issued by US President Joe Biden last September regarding digital currencies identified several risk factors in the markets, and that if these reports had shifted control policies,

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