Content
@
0 reply
20 recasts
20 reactions
dungnguyen
@dungnguyen111
JANET YELLEN EXPRESSED CONCERN ABOUT STABLECOIN REGULATION UNDER THE GENIUS ACT š¹ Former Finance Minister Janet Yellen, who has long been skeptical about crypto, has expressed concern about the newly passed GENIUS law. š¹ She welcomed the fact that Congress had begun to build a legal framework for stablecoins, saying that it was the result of the efforts she initiated in 2020 with the President's Financial Market Working Group. š¹ However, Yellen said that the new law still has "many serious weaknesses" and does not have enough strong protective measures as she expected. š¹ She warned that stablecoins can pose risks to the financial system if not strictly regulated.
0 reply
0 recast
0 reaction
