Janet Yellen, the 78th US Secretary of the Treasury, gaveinterviewon CNBC’s Squawk Box on topics ranging from the growth of the renewable energy sector. in the midst of Russia’s economic isolation rising inflation levels and the responsibility of the Federal Reserve Bank, as well as her current views on digital assets.
With so many technological and social advancements within the digital currency space in recent years, Yellen has spoken more friendly and open than ever, stating that crypto “now plays an important role. Although there are not many transactions in but in the investment decisions of many Americans.”
“crypto is useful and we recognize that innovation in payment systems can be a good thing.”
Earlier this month, President Joe Biden issued an executive order on crypto, encouraging the unification of all regulators to publish a consumer-centric financial framework.
Industry leaders praised and spoke with hope about the potential future opportunities. Yellen stated that “It may bring many benefits to the nation, consumers and businesses.”
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