• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

US Treasury Secretary Janet Yellen Acknowledges “Cryptocurrency Benefits” Despite Remaining Skeptical

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

US Treasury Secretary Janet Yellen just had a conversation with Squawk Box’s CNBC on the state of digital assets amongst regulatory requests.

US Treasury Secretary Janet Yellen Acknowledges “Cryptocurrency Benefits” Despite Remaining Skeptical

Top of the Business and Politics system of CNBC, the 78th Secretary of the United States Treasury spoke on a broad variety of subjects this kind of as the development of the renewable vitality sector as the Russian economic system was isolated, growing inflation amounts and additional. Although she is not totally convinced but, she nevertheless reserves her latest responsibilities and views on crypto assets.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
The son of the president of the European Central Bank "lost 60%" on cryptocurrency investments

The son of the president of the European Central Bank “lost 60%” on cryptocurrency investments

November 24, 2023

ICYMI this week: Treasury Secretary Janet Yellen says “we recognize that innovation in the payment system can be a healthy thing.”https://t.co/wwyTAhtnel Of @jbenson writes

– Decrypt (@decryptmedia) March 27, 2022

In light of the a great number of technological advances in cryptocurrencies in current many years, Yellen confirmed that:

“Cryptocurrencies are now enjoying an crucial purpose, not rather in transactions, but incredibly crucial in the investment choices of a lot of Americans. “

“There are rewards to cryptocurrencies and it is wholesome for them to contribute innovations to the current payment program. I see a good deal of power in the American economic system. We have an extremely solid labor marketplace, historically minimal unemployment and higher shopper investing. “

I see a good deal of power in the American economic system. We have an immensely solid labor marketplace, minimal unemployment numbers and shopper investing continues to be solid. I joined @SquawkCNBC this morning to talk about. pic.twitter.com/NKM1H8fDQC

– Secretary Janet Yellen (@SecYellen) March 25, 2022

In addition to guarding consumers’ pockets from unlawful transactions, Yellen also raised a variety of issues about the stability of fiscal markets, a rating frequently cited by authorities and officials, as Wall Street does for “high volatility assets.”

Yellen’s historical feeling for digital assets can be summed up rather abstractly by way of his speech at the US fiscal innovation policy conference in February 2021:

“While these new technologies advertise their mission on paper, I also feel they are real.”

Earlier this month, President Joe Biden issued an executive purchase in favor of cryptocurrency. He also strongly supports the unification of all regulators in the publication of investor-centered fiscal frameworks.

Industry leaders have extensively praised the proposal and are hoping for the options it will existing in the long term. On Yellen’s side, he also stated that the proposal “would bring significant benefits to both countries, traders and businesses”.

Summary of Coinlive

Maybe you are interested:

Maybe you are interested:

Tags: AcknowledgesbenefitsCryptocurrencyJanetRemainingSecretarySkepticalTreasuryYellen
Share76Tweet48

Related Posts

REX Proposes ETH, SOL Staking ETFs Amid SEC Changes

by shark
June 1, 2025
0

REX Shares introduces innovative ETH and SOL staking ETFs using C-corp structure as SEC shifts stance.

Ethereum’s Pectra Upgrade Enhances Protocol Capabilities

by shark
June 1, 2025
0

Ethereum's Pectra upgrade, coordinated by the Ethereum Foundation, went live on May 7, 2025, enhancing network functionality.

US Sanctions Philippines Tech Firm Over Crypto Scams

by shark
June 1, 2025
0

Funnull Technology Inc., a tech firm based in the Philippines, has been sanctioned by the US Treasury for enabling crypto...

Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era

by shark
June 1, 2025
0

Lunar Digital Assets, backed by the Litecoin Foundation, launched LitVM, a zero-knowledge Layer-2 network for the Litecoin ecosystem at the...

FTX Distributes $5 Billion Amid Recovery Efforts

by shark
June 1, 2025
0

FTX initiates a $5 billion payout to creditors under John J. Ray III's leadership.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • REX Proposes ETH, SOL Staking ETFs Amid SEC Changes
  • Ethereum’s Pectra Upgrade Enhances Protocol Capabilities
  • US Sanctions Philippines Tech Firm Over Crypto Scams
  • Lunar Digital Assets Launches LitVM for Litecoin’s Smart Contract Era
  • XRP Targets $21.60, Monero Drops, BlockDAG Nears $279M
  • FTX Distributes $5 Billion Amid Recovery Efforts
  • Yuga Labs Sells Moonbirds IP to Orange Cap Games
  • SEC Confirms $TRUMP Token Not a Security
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7