Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
“A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset,” she told lawmakers on Tuesday.
Janet Yellen
Treasury Secretary Janet Yellen Warns of Crypto Risks
U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday.