Yellen, the U.S. Treasury Department, will give her first independent public speech on digital assets. According to some Treasury officials who have previewed the speech, Yellen believes that the crypto industry should be placed on the same level as the traditional U.S. financial system and be regulated at the same level.
Yellen’s role as the Biden administration’s chief financial spokesman has made it clear that cryptocurrency has become a top priority for the federal government.
It is understood that Yellen believes that digital assets may be new, but many of the problems it faces are not. Regulation will facilitate innovation while being able to manage risk.