Crypto skeptic Janet Yellen dismisses $1 trillion coin as a gimmick
The rumor is false: Treasury Secretary Janet Yellen will not tell the US Mint to release a $1 trillion coin to sell to the Federal Reserve.
Cryptocurrency news by Protos · Protos
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Show Notes
Unfortunately, crypto’s hyperinflationist prognosticators got another prediction wrong. No, the Treasury Secretary will not be instructing the US Mint to forge a $1 trillion coin.
During an interview with the Wall Street Journal (WSJ), Secretary Janet Yellen formally denied rumors, explained why the Federal Reserve wouldn’t purchase it, and called the hypothetical item a gimmick.
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