Chapter
Janet Yellen compares FTX collapse to Lehman Brothers failure
30:57 - 34:34 (03:37)
Treasury Secretary Janet Yellen calls for greater regulation in the cryptocurrency industry in light of the recent collapse of FTX, which she compared to the Lehman Brothers collapse that triggered the 2008 global banking crisis. Hakeem Jeffries becomes the first black leader of either party in the House of Representatives, but as minority leader, he will need support from Republicans to accomplish anything.
Clips
Treasury Secretary Janet Yellen compared the recent collapse of FTX to the 2008 Lehman Brothers crisis, stating that the crypto industry requires further regulation and scrutiny.
30:57 - 34:34 (03:37)
Summary
Treasury Secretary Janet Yellen compared the recent collapse of FTX to the 2008 Lehman Brothers crisis, stating that the crypto industry requires further regulation and scrutiny. This comes as Democrats in the House of Representatives unanimously elected Hakeem Jeffries as the new House minority leader due to losing control of the House in the midterms.