WASHINGTON — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal. “We really need a regulatory framework to guard against the risks,” Yellen said of cryptocurrencies …
WASHINGTON — Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions. It was Yellen’s first speech about cryptocurrency since President Joe Biden signed an executive order on digital assets in March. Biden’s cryptocurrency executive order urges the Federal Reserve to explore whether the central bank should …
