On May 6, Janet Yellen publicly expressed her opposition to the idea of a Fed-issued digital currency, emphasizing concerns related to financial stability. Her focus remains on managing national debt and public spending, reflecting a conservative outlook toward digital assets.
Amidst regulatory scrutiny, Bitcoin is valued at 94,597.23 USD with a market cap of 1.88 trillion USD. Despite slight fluctuations, including a recent increase of 14.48% over 30 days, Yellen’s stance may impact investment strategies in the cryptocurrency market.
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