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Crypto does not pose a systematic risk to the financial system – US Treasury Secretary

  • According to Janet Yellen, the market has not reached the point of becoming a financial stability concern.
  • The hearing also brought up the current crypto meltdown that involves the crash of TerraUSD (UST), breaking its $1 stability to fall to nearly zero.

Last year, Jon Cunliffe, deputy governor of financial stability at the Bank of England, stated that the
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