US Treasury Department assesses ‘crypto’ money laundering, terror financing risks
US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based on the 2024 National Risk Assessments.
Latest Janet Yellen News
Digital assets among issues on table at 2023 APEC Summit
U.S. Treasury Secretary Janet Yellen says finance ministers of the world’s most powerful economies will discuss CBDCs, stablecoins, and “unbacked crypto-assets.”
Janet Yellen-led group: Digital assets could threaten financial stability if not regulated
The FSOC published a report as part of its follow-up on Biden’s executive order on digital assets, calling for Congress to appoint one regulator for the sector.
Do digital assets play a role in illicit finance? US Treasury asks for public feedback
Treasury published a “request for comment” this week following Joe Biden’s executive order and wants to know if it has been clear enough with Bitcoin regulations.
Treasury’s Janet Yellen clarifies FATF digital currency guidance
Sec. Yellen agrees with the FinCEN statement that entities providing ancillary services like manufacturers, developers, and miners shouldn't be subjected to Money Service Business registration.
Fed Governor Christopher Waller: Stablecoin issuance shouldn’t be delegated to banks
Christopher Waller has disagreed with the Janet Yellen-led working group that wants banks to offer stablecoins, saying it would work against their promise.
Diem not impressing Washington even with rebranding efforts: report
Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying and rebranding efforts.
Lawmakers will prioritize the digital currency industry
Lawmakers in the United States will be creating laws around blockchain and digital currency in the near future for these reasons.
The CoinGeek Pulse Episode 29: Biden key appointees, blockchain-powered COVID passport and TonicPow revamp
U.S. President Joe Biden has made his key appointees. How will his decisions affect the future of the digital currency industry in the United States?
US Senate confirms Janet Yellen as first female Treasury chief
Yellen was confirmed by the Senate by a vote of 84-15, underscoring the bipartisan support she receives in the sharply divided legislature.
Treasury nominee Janet Yellen says illegal digital currency use a ‘particular concern’
Suggesting the government needs new tools to prevent money laundering through exchanges, Janet Yellen said many digital currencies “are used at least in a transactions sense mainly for illicit finance.”
How will the Biden administration approach digital currency?
Janet Yellen has addressed digital assets in her written testimony–her responses give us a look at how the Biden administration will approach digital assets.