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Janet Yellen Criticizes Cryptocurrencies, Promises to "Act Big" on Stimulus

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Tue, 19/01/2021 - 18:26
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Janet Yellen Criticizes Cryptocurrencies, Promises to "Act Big" on Stimulus
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During her Senate confirmation hearing, incoming Treasury Secretary Janet Yellen said that cryptocurrencies were of "a particular concern" because of their links to terrorist financing and money laundering: 

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"The technologies to accomplish this change over time and we need to make sure that our methods for dealing with these matters, with tech terrorist financing, change along with changing technology, cryptocurrencies are a particular concern." 

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The former Federal Reserve chair also voiced her support for more stimulus relief that would help to shore up the U.S. economy:     

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"With interest rates at historic lows, the smartest thing we can do is act big."       

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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