Bitcoin Falls as Miners Sell, Institutions Watch Yellen
Some institutions have paused their buying, at least for the moment.
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
"The best reason to focus on bitcoin’s rise is what it tells us about the risks that may be bubbling up amid the Federal Reserve’s commitment to zero interest rates," the Post said.
Democratic Senator Elizabeth Warren backed recent comments from Treasury Secretary Janet Yellen during an interview with CNBC on Tuesday.
"I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said.
Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time.