Janet Yellen

The US Treasury Secretary commented on the incident with the stablecoin UST

US Treasury Secretary Janet Yellen has called for legislation to regulate stablecoins before the end of 2022. At the Senate Banking Committee hearing, she mentioned the incident with the algorithmic stablecoin TerraUSD (UST), which lost its peg to the dollar. Janet Yellen is talking about $UST… and her thoughts are arguably accurate. Regulators can’t help … Read more

Slovakia on banning Russian oil imports: It will destroy Europe’s economy

Slovak Energy Minister Karol Galic says that banning Russian oil imports would be “devastating” to Europe’s economy, and believes that such a move would “significantly harm oil supplies for several countries.” Slovakia on banning Russian oil imports: It will destroy Europe’s economy Slovak Energy Minister Karol Galic said on Wednesday that a ban on Russian … Read more