Treasury Secretary Yellen On Digital Assets Policy, Innovation And Regulation

On April 7, 2022, Secretary of the Treasury Janet Yellen delivered remarks on digital assets policy, innovation and regulation. Yellen started by noting that, a few weeks ago, President Biden signed an Executive Order on a comprehensive government approach to digital asset policy, which tasks experts across the federal government with conducting in-depth analysis to balance the responsible development of digital assets with the risks they present. This task will be guided by six policy objectives:

1. protect consumers, investors and businesses;
2. safeguard financial stability from systemic risk;
3. mitigate national security risks;
4. promote U.S. leadership and economic competitiveness;