In her speech today, US Treasury Secretary Janet Yellen made general statements about what policy to follow regarding cryptocurrencies.
As expected, Treasury Secretary Yellen addressed the issue of cryptocurrencies during her speech at American University today.
The Treasury Minister did not use striking expressions during his speech and gave some examples from the past. Yellen’s statements point out that the United States may follow a similar policy to cryptocurrencies in other instruments.
“Digital assets themselves may be new, but the problems they pose are not. Throughout our history, we have also benefited from the advantages of innovation and faced its undesirable consequences.” Yellen said:
“Our principle of being technology-neutral, tax evasion, illegal finance, national security We can also continue when it comes to issues such as the prominent concerns in today’s world. Tax evasion, money laundering, evasion of sanctions are illegal. It doesn’t matter whether you commit these crimes by check, money order or cryptocurrency.“
Also, according to The Block, Yellen said during her speech that the Financial Markets Working Group under the President of the United States his stance on stablecoins took a supportive stance.