US Treasury Secretary Janet Yellen applauded the move by President Joe Biden to issue an executive order on digital assets, a move towards creating a policy on the crypto market.
- Yellen’s brief remarks echoed the “coordinated and comprehensive approach to digital asset policy” called for in the executive order.
- The Treasury secretary noted that the policy will promote responsible innovation that will enhance benefits for the country, businesses, and consumers.
- Yellen further noted that the executive order would provide an opportunity to address risks related to illicit finance, consumer protection and investors, and preventing threats to the overall financial system.
- Many US government officials have expressed concerns over the possibility of the crypto market bringing some instability to financial markets.
The Treasury is set to work with other agencies to develop a report on the future of money and payments networks.
BTC USD up +9.00%
Source: US Department of the Treasury
