Yellen's leaked comments signaled constructive regulation of crypto and appears to have injected optimism in bitcoin and the broader market. Reports godbole17
Bitcoin rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen's leaked remarks revealed that President Joe Biden's impending crypto order would take a constructive approach in regulating the digital assets industry.
"Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems," Yellen added.Yellen's comments, soothing market nerves. Other prominent cryptocurrencies like ETH, SOL, LUNA followed suit, according to CoinDesk data.
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