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Joe Biden Supports Janet Yellen's Anti-Crypto Stance

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Thu, 04/15/2021 - 18:52
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Alex Dovbnya
President Joe Biden agrees with Janet Yellen's views on crypto, according to his press secretary
Joe Biden Supports Janet Yellen's Anti-Crypto Stance
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During her Thursday press briefing, White House Press Secretary Jen Psaki said that President Joe Biden defers to the views of Treasury Secretary Janet Yellen when it comes to regulating cryptocurrencies.

Yellen called on lawmakers to “curtail” the use of crypto during her confirmation hearing in January:

And I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn't occur through those channels.

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As reported by U.Today, she also slammed Bitcoin as “extremely inefficient” due to its CO2 footprint in February.

Last July, Biden tweeted that he didn’t have any BTC after his account was hacked to promote a cryptocurrency giveaway scam.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.