Yellen doubles down on call for more crypto enforcement
The U.S. government should use its enforcement authorities to crack down on crypto scams and operational failures, Treasury Secretary Janet Yellen said, reiterating her agency’s call for “beefed up” enforcement on digital assets.“So we would like to see an improvement in regulation in these areas.”
The Biden administration released a series of digital asset reports in September and October, in an attempt to unite the many federal agencies that touch cryptocurrency issues. Yellen spoke about the reports at the Securities Industry and Financial Markets Association’s annual meeting in New York City. ellen spoke broadly about risks to the economy and said cryptocurrencies do not yet pose a significant risk to financial stability.
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