Yellen Says Additional Crypto Regulation Would Be Appropriate, Will Work With Congress To See Additional Legislation Passed; Says Global Minimum Corporate Tax Agreement Will Stop Race To The Bottom
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen stated that additional crypto regulation would be appropriate and plans to work with Congress to pass new legislation. She also mentioned that the global minimum corporate tax agreement would prevent a race to the bottom.
June 07, 2023 | 12:17 pm
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NEUTRAL IMPACT
Yellen's call for additional crypto regulation and support for the global minimum corporate tax agreement may impact the broader market, including the SPY ETF.
While the news does not directly mention SPY, Yellen's statements on crypto regulation and the global minimum corporate tax agreement may have an indirect impact on the broader market, including the SPY ETF. The potential regulatory changes could affect market sentiment and lead to short-term fluctuations in the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50