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Treasury Secretary
XRP Price Surges Amid Record Futures Bets; Who Will Be the Next U.S. Treasury Secretary?
XRP surged to a three-year high over the weekend to more than $1.20 with futures bets soaring to record levels. Plus, Polymarket bettors put their money on who the next Treasury Secretary will be. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Yellen Stresses Importance of Regulatory Framework for Digital Assets; Tether Cuts Commercial Paper Holdings to Zero
U.S. Treasury Secretary Janet Yellen reiterated the importance of building a regulatory framework for digital assets. Stablecoin issuer Tether reduced its commercial paper holdings to zero and replaced them with U.S. Treasury bills. Bankrupt crypto lender Voyager Digital's executives have included sweeping legal immunity for themselves in the proposed agreement for their assets to be sold to FTX.US for $1.4 billion.
House Bill Could Let Treasury Secretary Block International Crypto Transactions
U.S. House of Representatives introduced the America COMPETES Act designed to advance U.S. competitiveness and leadership around the globe earlier this week.