Yellen to Testify Before Congress on May 7th: Impact Expected on U.S. Crypto Market

U.S. Treasury Secretary Janet Yellen will take the stand at a congressional hearing on May 7th, with her testimony potentially shaping regulatory actions and impacting crypto markets. While no direct financial commitments have been announced yet, Yellen’s statements are anticipated to influence market volatility and regulatory policies. Her focus is expected to include enhancing transparency and strengthening monetary policy integrity. Yellen’s speech is seen as part of a broader effort by regulators to tackle concerns regarding custody and cryptocurrency regulations.