Yellen Doubles down on Call for more Crypto Enforcement

Oct 25,2022
KingData News: The U.S. government should use its enforcement authorities to crack down on crypto scams and operational failures, Treasury Secretary Janet Yellen said, reiterating her agency’s call for “beefed up” enforcement on digital assets. “Our report found that there are too many instances of fraud and scams and operational failures,” Yellen said. “There are some existing enforcement authorities and we would like to see those beefed up, and greater enforcement in this area.” Yellen spoke broadly about risks to the economy and said cryptocurrencies do not yet pose a significant risk to financial stability. The crypto market is “not yet big enough or connected enough,” but that could change as the technology matures, Yellen noted.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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