New Crypto Comment From Janet Yellen
A new crypto comment from Janet Yellen. Yellen has made negative statements about cryptocurrencies recently. After that, there was a decrease in the market. The minister’s new statements made cryptocurrency investors happy.
A new cryptocurrency comment came from Janet Yellen. Former FED President Yellen, who is expected to become the new Treasury Minister of the USA, recently made negative statements about cryptocurrencies. After Yellen’s statements, there were sharp decreases in Bitcoin and altcoin prices. Yellen’s new statements made cryptocurrency investors happy.
She thinks cryptocurrencies are important
Yellen, who is expected to be the US Treasury Minister, shared her thoughts on the place of cryptocurrencies in the future of finance. Yellen recently responded negatively to cryptocurrency questions asked by US senators and stated that most cryptocurrencies are mainly used for illegal financing.
After these statements by Janet Yellen, there were serious losses in the popular crypto currency Bitcoin and altcoin prices. Earlier this week, headlines appeared on the market, drawing attention to Yellen’s skepticism in the crypto industry.
Treasury Minister candidate Yellen has now made positive comments about cryptocurrencies. In a written statement to the Congress, Yellen said:
“I think it’s important that we consider the benefits of cryptocurrencies and other digital assets and the potential they have to increase the efficiency of the financial system. We also know that they can be used to finance terrorism, facilitate money laundering and support malicious activities that threaten US national security interests and the integrity of the US and international financial systems. I think we need to look closely at how to encourage their use for legitimate activities while limiting their use for malicious and illegal activities. If confirmed, I plan to work closely with the federal reserve board and other federal banking and securities regulators on how to implement an effective regulatory framework for these and other Fintech innovations.”