yellen

According to Jinshi News, U.S. Treasury Secretary Basant stated that it is crucial to complete the legislation on cryptocurrency as soon as possible, and Trump will sign it this spring.

U.S. Treasury Secretary Yellen acknowledged during a closed-door meeting with Senate Republicans on Wednesday the suggestion made by some members—that the Senate Banking Committee, rather than the Department of Justice, should investigate Federal Reserve Chairman Powell. A knowledgeable lawmaker stated that this move is intended to "test" whether it might persuade North Carolina Republican Senator Thom Tillis to lift his hold on the Fed nominee."They want to dangle this condition in front of Thom and see if he accepts it," the lawmaker said. "Thom was expressionless at the time." Other sources indicated that this could be a viable compromise.A Republican congressman stated, "What the president wants is an investigation," and having the Banking Committee "satisfy this desire for an investigation" is certainly an option. However, the aforementioned first lawmaker expressed skepticism: "If Thom accepts, I would be quite surprised."

U.S. Treasury Secretary Yellen stated in an interview with Fox News that the cryptocurrency market structure bill needs to be passed in the spring, adding, "We need to get the cryptocurrency market structure bill done," while also expressing optimism about the passage of the bill.

U.S. Treasury Secretary Scott Basset recently publicly criticized Coinbase on Fox News as a "stubborn participant" for opposing the CLARITY Act. Basset emphasized the necessity of passing the CLARITY Act multiple times during last week's Senate Banking Committee hearing, using strong language against the opponents.It is reported that the CLARITY Act aims to clarify the regulatory division of cryptocurrency assets, with the SEC and CFTC overseeing different areas. However, Coinbase is concerned that it may restrict business models such as stablecoin rewards, leading to divisions within the industry.

U.S. Treasury Secretary Yellen posted on X platform expressing gratitude to Senator Cynthia Lummis for her ongoing efforts in the Senate to advance legislation on the critical market structure for digital assets. Signing the "Crypto Market Structure Bill" into law is essential; the digital asset revolution has arrived, and it is believed that as long as both parties in the U.S. lead together, this revolution can ultimately be achieved.

U.S. Treasury Secretary Becerra recently stated that Hong Kong is currently exploring a new financial system based on digital assets as a "sandbox" for financial innovation, raising market concerns about potential impacts on the pricing systems of Bitcoin and gold.Becerra added that there is currently no conclusive evidence to prove this, but related rumors continue to circulate in the market, and the U.S. is closely monitoring the situation. Analysts point out that if a sovereign digital asset system linked to gold emerges in the future, it could have a long-term impact on the existing U.S. dollar-dominated financial system and the pricing logic of crypto assets. However, at present, discussions are still more about policy and market speculation, with short-term impacts on the crypto market primarily driven by sentiment and expected trading.

According to Jinshi reports, the dollar exchange rate fell during Thursday's Asian session, halting the rebound momentum from Wednesday. Concerns about a potential depreciation of the dollar have resurfaced, outweighing the influence of U.S. Treasury Secretary Yellen's reaffirmation of a strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen employed "strategic ambiguity" when discussing the dollar, attempting to ease market expectations of a comprehensive weak dollar policy.

According to Jinshi, former U.S. Treasury Secretary Yellen stated that the investigation by Federal Reserve Chairman Powell is "extremely concerning," and the market should pay attention to the independence of the Federal Reserve.

ChainCatcher message, regarding the controversy triggered by Trump's dismissal of Federal Reserve Governor Cook, former U.S. Treasury Secretary Yellen stated: Trump claims to have "fired" Cook for "just cause," but this action is not only illegal but also extremely dangerous. It is a direct attempt to politicize the Federal Reserve, an intimidation of its leadership, and an effort to force monetary policy to submit to the president's will.This move could end the independence of the Federal Reserve—resulting in a collapse of the credibility of U.S. monetary policy both domestically and internationally. Yellen calls on Congress to defend the independence of the Federal Reserve, the courts must reject this illegal abuse of power, and the financial community must speak out against this direct attack on the credibility of the dollar.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basant stated that the Federal Reserve needs to return to its core mission to ensure economic stability and growth.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent will meet with 11 candidates for the Federal Reserve Chair.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Bessent stated that a series of interest rate cuts may begin with a 50 basis point cut in September.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that when discussing the Federal Reserve, there is a possibility of a 50 basis point rate cut.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated, "I believe we may undergo a series of interest rate cuts."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated in an interview with Fox Business Channel that he is optimistic that the Senate will confirm Stephen Milan for the temporary vacancy on the Federal Reserve Board before the Fed's September interest rate meeting. Basent revealed that Trump is widely looking for candidates to fill the permanent vacancy on the Federal Reserve Board that will arise in January next year, even considering the nomination of former Federal Reserve Chair Yellen.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that they are actively seeking talents for the position of Federal Reserve Chairman, and Trump is very open to this.

ChainCatcher news, according to Jinshi Data reports, U.S. Treasury Secretary Becerra stated that a trade agreement has been basically reached, and U.S. tariff revenue in 2026 may exceed 300 billion dollars.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the Federal Reserve is not expected to cut interest rates today, hoping to see the Federal Reserve "have a bit of imagination," reiterating that the Federal Reserve made a mistake on the inflation issue related to tariffs.

ChainCatcher news, according to Jin Shi reports, U.S. Treasury Secretary Mnuchin stated that there is currently "no rush" to determine the successor to Federal Reserve Chairman Powell, and candidates may come from current committee members or regional bank presidents. Mnuchin said on a television program on Wednesday, "There are many strong candidates, including several key committee members, and possibly regional bank presidents." He did not disclose specific names.Reports suggest that Mnuchin himself, White House National Economic Council Director Hassett, former Federal Reserve Governor Kevin Warsh, and current Federal Reserve Governor Waller are among the candidates nominated by Trump for the chairmanship. Mnuchin said, "There is a long, long list." He stated, "I do not intend to discuss this process, but we are moving forward with it, and obviously, it will be President Trump's decision, and we are not in a hurry."

ChainCatcher news, according to Jinshi Data reports, US Treasury Secretary Besant stated that the tariff revenue is "huge," potentially accounting for 1% of GDP. The annual tariff revenue is expected to reach $300 billion. In the next decade, tariff revenues could reach $2.8 trillion.