“Treasury Secretary Yellen: Crypto 'Nihilists' Should Consider El Salvador, Backs Regulator” — what this page in the network covers. Treasury Secretary Janet Yellen has issued a strong call for regulatory clarity in the cryptocurrency sector, likening opponents of such measures to "nihil... Treasury Secretary Janet Yellen has issued a strong call for regulatory clarity in the cryptocurrency sector, likening opponents of such measures to "nihilists" and suggesting they might be better suited to a jurisdiction like El Salvador, which has adopted Bitcoin as legal tender.
Speaking during Senate testimony, Yellen emphasized the need for digital assets to integrate within established financial frameworks, acknowledging the risks and the importance of investor protection and financial stability. Her remarks also indicated an understanding of concerns voiced by the traditional banking lobby regarding the proposed Clarity for Digital Assets Act, suggesting a balanced approach. For the complete material, the listing points back to the source inside the network.