US Treasury Secretary Janet Yellen clarified that the Treasury does not mediate between the SEC and CFTC on crypto regulations. During a House Financial Services Committee hearing, Yellen stated that the Financial Stability Oversight Council (FSOC) does not arbitrate between the two agencies. She emphasized the need for a unified regulatory framework for digital assets. Yellen also addressed concerns about decentralized trading protocols and potential risks associated with limited custodial options for Bitcoin ETFs. Additionally, she commented on Russia's use of crypto to bypass sanctions. The article also highlights Hut 8's stock rise following a major power deal in Texas and the Senate Armed Services Committee's interest in blockchain technology for defense applications. CryptoSlate's report on Glassnode's metrics in the first half of the year is also discussed, emphasizing the importance of thorough research before engaging in cryptocurrency activities. Read more AI-generated news on: https://app.chaingpt.org/news