{"id":298,"date":"2022-03-09T12:20:16","date_gmt":"2022-03-09T12:20:16","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/03\/09\/bitcoin-tops-41k-after-yellens-crypto-statement-inadvertently-published-early\/"},"modified":"2022-03-09T12:20:16","modified_gmt":"2022-03-09T12:20:16","slug":"bitcoin-tops-41k-after-yellens-crypto-statement-inadvertently-published-early","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/03\/09\/bitcoin-tops-41k-after-yellens-crypto-statement-inadvertently-published-early\/","title":{"rendered":"Bitcoin tops $41k after yellen&#8217;s crypto statement inadvertently published early"},"content":{"rendered":"<div id=\"fxs_article_content\">\n<p><a target=\"_blank\" href=\"http:\/\/pubads.g.doubleclick.net\/gampad\/clk?id=5703845201&amp;iu=\/7138\/FXS30\" rel=\"noopener\">Bitcoin<\/a> (BTC) rallied early on Wednesday, pushing the broader <a target=\"_blank\" href=\"http:\/\/pubads.g.doubleclick.net\/gampad\/clk?id=5703293170&amp;iu=\/7138\/FXS30\" rel=\"noopener\">crypto<\/a> market higher after U.S. Treasury Secretary Janet Yellen&#8217;s inadvertently published remarks revealed that President Joe Biden&#8217;s impending crypto order would take a constructive approach in regulating the digital asset industry.<\/p>\n<ul>\n<li>\n<p>&#8220;A presidential executive order on cryptocurrencies would &#8216;support responsible innovation&#8217; as it coordinates U.S. policy across agencies,&#8221; Yellen said in a statement, which was scheduled for release on Wednesday but was published on late Tuesday.<\/p>\n<\/li>\n<li>\n<p>&#8220;Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems,&#8221; Yellen added.<\/p>\n<\/li>\n<li>\n<p>Bitcoin picked up a bid and rose nearly 7% to $41,900 after CoinDesk reported Yellen&#8217;s comments, soothing market nerves. Other prominent cryptocurrencies like ETH, SOL, LUNA followed suit, according to CoinDesk data.<\/p>\n<\/li>\n<li>\n<p>&#8220;Based on remarks, crypto EO is positive and calls for coordinated and comprehensive approach to digital asset policy that will support responsible innovation,&#8221; Gemini Trust&#8217;s Cameron Winklevoss tweeted.<\/p>\n<\/li>\n<li>\n<p>&#8220;I applaud this constructive approach to thoughtful crypto regulation and look forward to working together with the various stakeholders to ensure that the US remains a leader in crypto,&#8221; Winklevoss added.<\/p>\n<\/li>\n<li>\n<p>White House&#8217;s long-awaited executive order directed at cryptocurrencies has recently attracted strong attention, thanks to speculation that wealthy Russians could be using bitcoin and dollar-pegged stablecoins to bypass economic sanctions levied by the West. As such, several analysts have been worried that the Biden administration would take a hard stance on the evolving crypto sector.<\/p>\n<\/li>\n<li>\n<p>While Yellen&#8217;s comments have revealed a balanced approach, concerns about crypto&#8217;s use for illicit financing persist. &#8220;The executive order will address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy,&#8221; Yellen&#8217;s now-deleted statement said.<\/p>\n<\/li>\n<li>\n<p>The statement, dated March 9, was posted on the Treasury Department\u2019s website on Tuesday night and was taken down shortly after it was published.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen&#8217;s inadvertently published remarks revealed that President Joe Biden&#8217;s impending crypto order would take a constructive approach in regulating the digital asset industry. &#8220;A presidential executive order on cryptocurrencies would &#8216;support responsible innovation&#8217; as it coordinates U.S. policy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=298"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/299"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}