Cryptocurrency

US Treasury Secretary Janet Yellen to Hold a Meeting with Regulators for Stablecoins

The U.S. Department of the Treasury announced that Treasury Secretary Janet Yellen will appear on Monday to discuss the stablecoin with the country’s top regulators.

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Speaking about the subject, Yellen used the following words:

“Bringing out regulators will allow us to assess the potential benefits of stablecoins while reducing the risks they may pose to users, markets or the financial system.

Along with the rapid growth in digital assets, it is important to reorganize and collaborate with this segment.”

FED Leader Jerome Powell, Securities and Exchange Board Leader Gary Gensler and Deputy Commodity Futures Trading Board Rostin Behnam will also attend the meeting.

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