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Yellen Says U.S. Lacks Adequate Regulatory Framework for Crypto

May 4, 2021, 8:33 PM

Treasury Secretary Janet Yellen says there is not an adequate framework to deal with cryptocurrency issues from a regulatory perspective.

  • “While there are several agencies that arguably have some ability to address this through regulation, I frankly don’t think we have a framework in the United States that is quite up to the task,” Yellen says at Wall Street Journal CEO Council event
  • NOTE: Crypto Crackdown Drives ‘John Doe’ Record Demands from IRS

To contact the reporter on this story:
Megan Howard in Washington at mhoward70@bloomberg.net

To contact the editor responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

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