{"id":59271,"date":"2022-03-26T10:42:58","date_gmt":"2022-03-26T08:42:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59271"},"modified":"2025-09-04T20:58:12","modified_gmt":"2025-09-04T17:58:12","slug":"janet-yellen-acknowledges-the-popularity-of-cryptocurrencies-among-americans","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/janet-yellen-acknowledges-the-popularity-of-cryptocurrencies-among-americans\/","title":{"rendered":"Janet Yellen acknowledges the popularity of cryptocurrencies among Americans"},"content":{"rendered":"

U.S. Treasury Secretary Janet Yellen said in an interview with CNBC<\/a> that digital assets are important in Americans’ investment decisions.<\/p>\n

\n

“Cryptocurrency has grown by leaps and bounds, and now it plays a significant role not so much in transactions as in the investment decisions of many Americans,” she said.<\/p>\n<\/blockquote>\n

Yellen reaffirmed her skepticism toward digital assets due to threats to financial stability, the need to protect retail investors, and the use of cryptocurrencies in illicit activities.<\/p>\n

\n

“On the other hand, cryptocurrencies have advantages, and we recognise the benefits of innovation in the payments system. Ultimately, we want to issue recommendations for creating a regulatory framework,” she added.<\/p>\n<\/blockquote>\n

In the interview, Yellen also mentioned the March executive order by U.S. President Joe Biden<\/a>, which directs federal agencies to coordinate their efforts in regulating the cryptocurrency industry.<\/p>\n

In December 2021, Yellen stated the necessary consensus among authorities<\/a> for issuing a digital dollar.<\/p>\n

Earlier, the U.S. Treasury released a report on the risks associated with stablecoins<\/a>. The department saw threats to investors and market integrity in stablecoins, and called for stringent regulatory restrictions.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Treasury Secretary Janet Yellen said digital assets are important in Americans’ investment decisions, but reaffirmed her skepticism toward cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":59272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2085,1138],"class_list":["post-59271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-janet-yellen","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59271"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59271\/revisions"}],"predecessor-version":[{"id":59273,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59271\/revisions\/59273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59272"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}