WASHINGTON — Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions
The administration's action follows several high-profile examples of alleged cryptocurrency laundering and fraud this year It was to be Yellen's first speech about cryptocurrency since President Joe Biden signed an executive order on digital assets in March. "To the extent there are gaps, we will make policy recommendations, including assessment of potential regulatory actions and legislative changes," Yellen said in her remarks.
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