Express

US Treasury Secretary Yellen: Bitcoin Is A Highly Speculative Asset

Mary Liu

Summary: In the 2021 DealBook DC Policy Project, U.S. Treasury Secretary Janet Yellen stated that Bitcoin is a highly speculative asset, often be used for illegal financing and its transaction efficiency is "extremely inefficient".  Yellen mentioned digital currency may lead to faster and lower-cost payments, but many issues, including consumer protection and money laundering, still need to be ...

In the 2021 DealBook DC Policy Project, U.S. Treasury Secretary Janet Yellen stated that Bitcoin is a highly speculative asset, often be used for illegal financing and its transaction efficiency is "extremely inefficient". 

Yellen mentioned digital currency may lead to faster and lower-cost payments, but many issues, including consumer protection and money laundering, still need to be studied.

Bitcoin plummeted from last week's all-time high to below $50,000. According to Bitpush data, the price recovered to a hair over $52,000 as of press time.

By Mary Liu

Last Update:

Tags: ,,
Link: US Treasury Secretary Yellen: Bitcoin Is A Highly Speculative Asset   [Copy]
Next:

Related Articles

  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 3 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 7 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 25 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 26 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025

    • You need to login to comment.