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Treasury Secretary Janet Yellen Calls Crypto ‘Transformative’ in Wide-Ranging Speech

Any potential CBDC design would have to address its impact on the financial system, ability to address financial crime and national security questions, privacy implications, ability to address macro policy and how it might interact with existing fiat currencies, stablecoins or other CBDCs, Yellen said. Source

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Yellen alleges crypto has not been used for significant Russian sanctions evasion so far

United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yellen was asked repeatedly about digital asset security at the committee’s annual hearing on the state of the

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Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation – Regulation Bitcoin News

U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury

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Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation and Federal Reserve responsibility, as well

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US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen – Regulation Bitcoin News

U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S.

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US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill

A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis

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US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency – Regulation Bitcoin News

The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet Yellen Has Not Decided Whether

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