With two competing amendments and pressure from the White House and Treasury, crypto taxation is suddenly the crux of the massive infrastructure bill.
Senators had hoped to pass the bipartisan bill on Thursday night, but issues remained unresolved around the cryptocurrency regulations.
Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trading Commission Acting Chair Rostin Behnam will also participate in Monday's meeting.
Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.
Hsu was part of the Fed's bank supervision division. Brooks, now CEO of Binance.US, pushed crypto-friendly rules while in D.C.
"Rate hikes are not something I'm predicting or recommending," Yellen later said.
Some see ether and bitcoin now behaving as very separate assets, which normally isn’t the case.
Cryptocurrencies fall along with other risky assets on hint of higher interest rates.
Yellen said late last month that bitcoin was a "highly speculative asset."
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
"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.
Some institutions have paused their buying, at least for the moment.
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.