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President-Elect Joe Biden's Nominee For Treasury Secretary Has Taken A Critical Stance Towards Crypto In The Past
Summary: President elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the next Treasury Secretary, as reported by The Wall Street Journal. If confirmed by the Senate, Ms.Yellen would become the first woman to hold the position and would play a pivotal role in the Biden administration's efforts to steer the nation ...
President elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the next Treasury Secretary, as reported by The Wall Street Journal.
If confirmed by the Senate, Ms.Yellen would become the first woman to hold the position and would play a pivotal role in the Biden administration's efforts to steer the nation out of the economic turmoil brought on by the coronavirus pandemic.
While serving as Federal Reserve Chairwoman, Ms.Yellen took a critical stance towards cryptocurrencies. Speaking at the Canada Fintech Forum in 2018, Ms.Yellen stated that price volatility, investor risks and hacking threats were all major concerns she had regarding cryptocurrencies. However, she did add that she viewed blockchain as an important technology.
By Emily Mason
Tags: Federal Reserve,Joe Biden,Treasury Secretary,US Elections
Link: President-Elect Joe Biden's Nominee For Treasury Secretary Has Taken A Critical Stance Towards Crypto In The Past [Copy]
