Treasury Secretary Janet Yellen Will Address Crypto Regulations On Thursday

Yellen Janet U.S. Treasury Secretary
Yellen Janet U.S. Treasury Secretary

U.S. Treasury Secretary Janet Yellen will give her first cryptocurrency policy and regulation speech on Thursday. 

The speech will happen at 10:30 a.m. ET and will address the steps that the Treasury could take to study the usage of digital assets, and how they can be incorporated into the U.S. economy. 

“Secretary Yellen will make a case for a consistent and comprehensive policy framework that promotes responsible innovation of digital assets and appropriately assesses and mitigates the risks they may pose,” the US Treasury announced Tuesday. 

The speeches  US government’s latest efforts to regulate cryptocurrencies.

In March, President Joe Biden signed an executive order that demands federal agencies research the benefits and detriments of cryptocurrencies.

“Protecting consumers, reducing crime risks, and examining a potential US digital dollar are among the priorities in the order, which aims to unify the US government’s oversight of the $2 trillion markets for digital assets.” according to Insider.