President Joe Biden’s executive order on cryptocurrencies addresses the balance between innovation and risk while also collaborating with other U.S. agencies and their policies, Treasury Secretary Janet Yellen said in a statement published on the Treasury’s website late Tuesday (March 8).
Biden’s approach to digital asset policy and its support of “responsible innovation” could deliver “substantial benefits for the nation, consumers, and businesses,” Yellen said in the archived statement dated Wednesday (March 9). The statement is no longer live on the Treasury’s website.