US Treasury Secretary Believes Cryptocurrencies Are Useful

Cryptocurrencies We know it’s getting more and more popular day by day. This rapidly rising popularity also causes new news to appear every day and important developments related to these technologies. Of course, the opinions of countries and authorities about cryptocurrencies are also of great importance.

Many officials around the world are divided about cryptocurrencies, just like other people. While some think that cryptocurrencies can be really useful, others have different views on whether they can be used for criminal purposes. It is possible to say that one of the countries where this happened is the USA. Now the news US Secretary of the Treasury He revealed what he thought about cryptocurrencies and led to results that would delight investors.

Treasury Minister praises cryptocurrencies, BTC on the rise

United States Secretary of the Treasury Janet Yellenshared his thoughts on cryptocurrencies in his statements to the country’s press organizations. Despite the ongoing debate in the country and the negative statements of senators such as Elizabeth Warren about cryptocurrencies, Yellen made statements that will please investors about these technologies.

According to the news of Uzmancoin, the Minister told CNBC that he still has doubts about cryptocurrencies; But these currencies beneficial He also stated that he accepted it. Yellen also drew attention to the serious growth that cryptocurrencies have experienced recently, emphasizing that they have become the favorite of investors, and drew attention to the decree signed by President Joe Biden, which we have conveyed to you in the past weeks.

“It provides benefits in matters such as payment systems”

Yellen said that cryptocurrencies play an important role in the investment decisions of many Americans. payment systems, innovation He also added that there are many benefits in such matters. However, the 75-year-old politician; He also stated that he had doubts about illegal use, financial stability and protection of investors.

After these statements of the minister, the leading cryptocurrency Bitcoin (BTC) 45 thousand dollars there was a rise above it. Bitcoin, which later fell below $ 45 thousand, is trading around $ 44,600 at the time of writing this news.

Finally, Yellen emphasized that the Ukraine war affected commodity prices and stated that the US plans to reduce its dependence on Russia in the short term, adding that they do not think it is appropriate to impose sanctions on China. Speaking about the FED’s interest rate decision, the minister said that he thinks optimistically and that the interest rate will increase. to normal He added that he would return.