Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said.
“Everyone’s making so much money — can you please explain what’s an NFT?” asked Pete Davidson’s Eminem.
“I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” Yellen said.
Cynthia Lummis, the first U.S. senator to own Bitcoin, will launch a Financial Innovation Caucus to educate her fellow-senators about Bitcoin and crypto assets.
A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000.
Some institutions have paused their buying, at least for the moment.
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000.
The Senate Committee on Finance backed Yellen’s nomination in a show of bipartisan support.
Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”