BitMEX co-founder Arthur Hayes recently shared insights on the potential impacts of the oscillating decisions of Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on the crypto space. In the essay entitled “Yellen or Talkin’?” Hayes also pointed out that the recent dip in Bitcoin highlights a “TradFi mini-financial crisis.” Initially, Hayes’ essay reflected on the discrepancy between Yellen and Powell’s words and actions. He asserted that though Yellen proclaimed a shift of the majority of borrowing to Treasury bills (T-bills), she shifted just her department’s borrowing to T-bills. The move resulted in hundreds of billions of dollars pumped into the global financial markets.