News Formal

Crypto industry reacts as US Treasury fails to add digital assets in new strategy

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Cryptocurrencies News

Regulation

In a speech at the ABA Annual Convention on Tuesday, US Treasury Secretary Janet Yellen revealed a new National Strategy for Financial Inclusion (NSFI), but the issue failed to mention crypto in a good light.

Crypto industry members are showing displeasure toward the new US Treasury national strategy for financial inclusion. The strategy addresses new financial approaches but refers to crypto as a risk. With the US presidential elections a few days away, the newly released strategy may negatively affect Kamala Harris' chances.

This comes after reports stated that the US Treasury plans to take debts of $1.3 trillion over the next six months to keep the economy stable. The debt includes $546 billion in this final quarter and another $823 billion in the first quarter of 2025. Democrat candidate Kamala Harris hasn't shown a clear stance toward digital assets, and industry enthusiasts now wonder if she is involved in the US Treasury's final move.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Exchange Market Share Shifts as Binance Loses Ground to Crypto.comCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to GrowCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »