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Yellen Applauds White House’s ‘Historic’ Crypto Executive Order

  • She cites balance between innovation and consumer protection
  • Order marks first attempt at coordinating government strategy
Janet Yellen
Janet YellenPhotographer: Al Drago/Bloomberg

A Biden administration cryptocurrency executive order strikes the right balance between encouraging responsible innovation and addressing potential risks to consumers and the broader financial system, Treasury Secretary Janet Yellen said in a statement posted to The Treasury Department’s website Tuesday night.

The statement, which was dated March 9, has since been removed. A Treasury spokesperson declined to comment further.