Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
Research conducted by The Tie indicates that cryptocurrencies have a tendency to experience declines during the days leading up to an unlocking event.
After reaching a 2023 peak of about 4.20% last week, the yield on the U.S. 10-year Treasury has now fallen below the 4% mark.
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