Treasury's Yellen to Deliver First Speech on Crypto in US Economy

[cryptostaceyb]

Treasury’s Yellen to Deliver First Speech on Crypto in US Economy

U.S. Treasury Secretary Janet Yellen is about to tell the crypto industry what she thinks of it in her first official speech to focus on digital assets.

Yellen will outline how the Treasury Department views cryptocurrencies as an emerging part of the U.S. economy Thursday at American University in Washington, D.C. The 10:30 a.m. ET speech is expected to echo some of the sentiments expressed previously in President Joe Biden’s executive ordercalling for further scrutiny on the industry.

“Secretary Yellen will make the 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,” according to a Tuesday statement issued by the Treasury Dept.

Yellen’s agency, as well as the Biden administration and federal regulatory agencies have been devoting a lot more attention to crypto since last year – especially toward stablecoins. The Treasury Dept. was instrumental in drafting last year’s report from the President’s Working Group on Financial Markets that marked the government’s opening salvo on establishing rules for dollar-backed stablecoins.

Treasury's Yellen to Deliver First Speech on Crypto in US Economy

If you wanna watch this live on YouTube this is the link.

U.S. Department of the Treasury

I’m curious to see how this turns out. It’s weird this is even a thing. 4 years ago this was unheard of!

[ELENA_RIVERS]

@cryptostaceyb

Yellen’s agency, as well as the Biden administration and federal regulatory agencies have been devoting a lot more attention to crypto since last year – especially toward stablecoins. The Treasury Dept. was instrumental in drafting last year’s report from the President’s Working Group on Financial Markets

Its clear that they are paying the attention as afraid to loose the power over the millions of people who are awakening to their rights and freedoms.

Also, it’s already been confirmed that US Govt. launches Bureau of Cyberspace and Digital Policy

The US State Department has launched the Bureau of Cyberspace and Digital Policy (CDP) and plans to staff it with about 100 employees. The bureau will be led by a Senate-confirmed ambassador. The bureau is said to have three units: International Cyberspace Security, International Information and Communications Policy, and Digital Freedom.