US Treasury Secretary Janet Yellen emphasized the importance of cryptocurrency regulations in her statements today.
Speaking at the International Monetary Fund (IMF) meeting, Yellen emphasized the importance of regulating the cryptocurrency market, citing Terra and Tether as examples.
According to the statements made by the US Treasury Secretary, although people think that the current regulations do not cover the crypto money market, these regulations cover the crypto money market “more than people think”.
However, Yellen also noted that there are still many “gaps” to be filled regarding regulations in the cryptocurrency industry.