Yellen Denies Treasury Role in Coordinating SEC and CFTC on Crypto Rules

Tuesday, 9 July 2024, 23:00

US Treasury Secretary Janet Yellen refuted claims that the Treasury oversees coordination between the SEC and CFTC on cryptocurrency regulations during her testimony to the House Financial Services Committee. The denial clarifies the Treasury's stance on its role regarding crypto rule-making. Yellen's statements aim to address concerns over the potential for conflicting regulatory approaches within the cryptocurrency space, providing insights into the government's perspective on digital asset oversight.

Cryptoslate — Yellen Denies Treasury Role in Coordinating SEC and CFTC on Crypto Rules

Janet Yellen Addresses Crypto Regulation Oversight

US Treasury Secretary Janet Yellen refuted claims that the Treasury oversees coordination between the SEC and CFTC on cryptocurrency regulations during her testimony to the House Financial Services Committee. Yellen's statements aim to address concerns over the potential for conflicting regulatory approaches within the cryptocurrency space.

Key Points:

Clarification: Yellen denies Treasury's role as the 'quarterback' between regulatory agencies.
Government perspective: Insights into how the Treasury views its responsibilities in crypto rule-making.
Regulatory clarity: Addressing concerns over potential regulatory conflicts in the digital asset sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.