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US Treasury Secretary: Digital currencies can bring healthy innovation to existing payment systems

US Treasury Secretary: Digital currencies can bring healthy innovation to existing payment systems

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Answer US Treasury Secretary: Digital currencies can bring healthy innovation to existing payment systems

During a recent interview with CNBC, former Federal Reserve Chair Janet Yellen and current US Treasury Secretary stated that crypto could be somewhat beneficial, although she expressed some skepticism about it.

US Treasury Secretary: There are benefits from crypto:

When asked by CNBC host Andrew Sorkin if her attitude toward crypto has changed from her previously negative stance, Yellen said she was still a little skeptical.

The US Treasury Secretary also believes that crypto can bring certain benefits if used correctly.

In particular, Yellen acknowledged that innovation in cryptocurrencies could help the payment systems used by the USA and could be a healthy thing.

The positive statement from Yellen came after President Joe Biden issued the executive order in which he touched on cryptocurrencies and urged regulatory bodies about many axes and that they should be taken into account, such as:

Consumer and investor protection, financial stability, illicit financing control, US leadership in the global financial system, economic competitiveness and financial inclusion, and responsible innovation.

Read:Officially revealing the launch date of the NASH platform for buying and selling cryptocurrencies

Read also:

A surge in institutional demand for the Bitcoin ETF and a record trading volume

The digital currency “ApeCoin” becomes one of the most traded digital currencies among Ethereum whales


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