This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen clarified her position on the regulation of cryptocurrencies in a written testimony published Thursday following the Senate hearing on her nomination as the Treasury Secretary.
Are cryptocurrencies used'mainly for illicit financing'?
— Yellen argues many cryptocurrencies are used "mainly for illicit financing." Enlarge / Janet Yellen, Joe Biden's nominee to be Secretary of the Treasury, at a December press conference.
What does the US Secretary of the Treasury want from cryptocurrencies?
US Secretary of the Treasury Janet Yellen nodded to the benefits offered by cryptocurrencies, stating that the Treasury wants to provide guidance for future regulation that supports innovation in the space.
Will cryptocurrencies come under renewed regulatory scrutiny over the next four years?
Cryptocurrencies could come under renewed regulatory scrutiny over the next four years if Janet Yellen, Joe Biden's pick to lead the Treasury Department, gets her way.
