Yellen Says Supports U.S. Regulatory Oversight Over Crypto To Protect Consumers, Investors
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen expressed support for US regulatory oversight over cryptocurrencies to protect consumers and investors, according to CNBC.
June 07, 2023 | 12:15 pm
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NEUTRAL IMPACT
Yellen's support for regulatory oversight on cryptocurrencies may impact the broader market sentiment, including the SPY ETF.
While Yellen's support for regulatory oversight on cryptocurrencies is not directly related to the SPY ETF, it may influence the broader market sentiment. Investors may react to the potential for increased regulation, which could lead to market fluctuations and impact the SPY ETF indirectly.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50