Yellen Clarifies Government’s Role in Crypto Regulation

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By Rob Lenihan Treasury Secretary says ‘our regulatory frameworks should be designed to support responsible innovation while managing risks.’ U.S. Treasury Secretary Janet Yellen called for “responsible innovation” in the development of digital assets in her first remarks following President Joe Biden’s executive order on cryptocurrency. “Our regulatory frameworks should be designed to support responsible innovation while managing risks,” Yellen said in prepared remarks on April. “Especially those that could disrupt the financial system and economy.” Yellen’s comments came one day after crypto…

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