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WASHINGTON AP 鈥?Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, stanley cup said Thursday that additional federal regulation was needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal.Watch Yellen remarks in the player above.We really need a regulator stanley cup y framework to guard against the risks, Yellen said of cryptocurrencies called stable coins, during a House committee hearing Thursday. Citing the rapid rise in use of digital assets, she added, Really, we need a comprehensive framework so that there are no gaps in the regulation.WATCH: Conventional economists sound alarm over cryptocurrencys vola stanley cup tilityStable coins are a type of cryptocurrency pegged to a specific value, usually the dollar, another currency or gold. Its parity with the dollar is what, in theory, makes it stable. However, volatility in the cryptocurrency market this week challenged that premise.We ;ve had a real life demonstration of the risks, she said, referring to the meltdown of the TerraUSD beginning on Monday.A run 鈥?or sale by a large number of owners 鈥?on the Terra stable coin, caused it to drop in value from roughly $8 to below 30 cents.A Federal Reserve report released Monday outlines how stable coins are vulnerable to runs.Terra broke the buck and this morning and yesterday the largest stable coin Tether also broke the buck, 8221 Irqo Senate confirms acting EPA chief Andrew Wheeler for permanent role
NAIROBI, Kenya AP 鈥?An Orthodox Christian priest, Tesfa Kiros Meresfa begs door-to-door for food along with countless others聽recovering from a two-year war in northern Ethiopia聽that聽starved his people. To his dismay, urgently needed grain and oil have disappeared again for millions caught in a standoff between Ethiopia government, the United States and United Nations over what U.S. officials say may be the biggest theft of food aid on record. I h adidas originals ave no words to describe our suffering, Tesfa said.As the U.S. and U.N. demand that Ethiopias government yield its control over the vast aid delivery system supporting one-sixth of the country population, they have taken the dramatic step of suspending聽their food aid聽to Africas second-most populous nation until they can be sure it won ;t be stolen by Ethiopian officials and fighters.Almost three months have passed since the aid suspension in parts of the country, an stanley cup d reports are emerging of the first deaths from starvation during the pause. At the earliest, aid to the northern Tigray regi adidas samba og on will return in July, the U.S. and U.N. say, and to the rest of the country at some point after that when reforms in aid distribution allow.Tesfa, who lives in a school compound with hundreds of others displaced by the war in Tigray, laughed when asked how many meals he eats a day. The question is a joke, he said. We often go to sleep without food. WATCH: World Food Programme director discusses how to address growing |
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发表于 2024-12-28 12:25
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