Janet Yellen Testifies on 2025 Budget: Fiscal Focus & Crypto Oversight

During a Congressional hearing on July 9, 2024, U.S. Treasury Secretary Janet Yellen presented her budget proposal for 2025, emphasizing fiscal responsibility and deficit reduction. The proposal also highlighted the need for enhanced regulatory oversight of crypto markets. Yellen called for corporate tax reforms to curb the deficit by $3 trillion over a decade. 💰 Her testimony spurred market reactions as investors anticipate potential regulatory changes and changes in investment strategies.