The Biden administration is “monitoring the situation” regarding recent developments of stock trading left-for-dead companies like GameStop and AMC Theaters, said White House Press Secretary Jen Psaki.
Treasury Secretary Janet Yellen and her economic team are watching as online forums generate record trading volume in the stock market. Her perspective is on the situation is unclear at this time.
Could new regulations be on the way to stop similar trading in the future? Stay tuned to Conservative Intel to find out!
Read more at RealClearPolitics.